As part of its acquisition of THQ, Nordic Games also took over video game developer THQ Digital Phoenix in 2013, and in 2015, renamed it back to its original name, Rainbow Studios. In December 2013, they opened an original game studio, Grimlore Games, in Munich. In August 2016, Nordic Games changed its name to THQ Nordic, using the THQ trademark they had acquired previously, to regain its association with their franchises acquired from THQ. In February 2018, the company acquired Koch Media, including Deep Silver, thus bringing several former THQ franchises, such as Saints Row, back under that label.
In 1990, Swedish entrepreneur Lars Eric Olof Wingefors founded LW Comics AB, a company to sell and trade second-hand comic books. In 1993, the company's focus shifted towards video games, becoming a mail-order retailer for secondhand software and cartridges, and finally Nordic Games AB. Its headquarters are located in Karlstad, Sweden. Over the years, the company added new goods to its portfolio, and established several stores over Scandinavia. In 2000, British retailer Gameplay.com acquired Nordic Games for GB£5.96 million in shares. After the dot-com bubble, Wingefors re-acquired the Nordic retail division from financially troubled Gameplay for 1 kr. In 2004, the company started with a new outlet store concept and entered into the video game industry. In 2008, Nordic Games entered game development by creating its own publishing branch, Nordic Games Publishing AB, in order to create products for its outlet stores.
In 2011, Lars Wingefors founded Nordic Games GmbH as a Europe-wide video game publisher. On 16 August 2011, it was announced that the new company had acquired assets from JoWooD Entertainment: its products, brands, and subsidiary DreamCatcher Interactive, including its The Adventure Company division. Effectively, JoWooD, DreamCatcher and The Adventure company would further be used as labels of Nordic Games.
In April 2013, Nordic Games acquired all properties still in the possession of American video game publisher THQ, which had filed for bankruptcy that year, for US$4.9 million. Included in the deal were over 150 individual games, including the Darksiders, Red Faction, and MX vs. ATV franchises. On 12 June 2014, Nordic Games announced that they had also acquired the THQ trademark, allowing the company to use the THQ brand as an imprint on future games.