Nordic Games has acquired JoWood and The Adventure Company brands, with plans to relaunch them as labels and republish back catalogues.
The company said it also hopes to invest in and develop IP and franchises including SpellForce, Painkiller, Panzer Elite and Gothic.
"This new venture will be a fresh start, and we will be introducing new systems, procedures and business ethics to ensure the company goes from strength to strength," said Lars Wingefors, CEO of Nordic Games.
"This is the beginning of a new era and over the coming months product development will start on a variety of well loved and respected brands and products."
European publisher JoWood filed for insolvency at the beginning of the year, with Nordic Games picking up its brands in June.