Saturday, July 20, 2024
HomeGamingAonic acquires VR agency NDreams for $110m

Aonic acquires VR agency NDreams for $110m

Swedish video games agency Aonic has purchased VR specialist NDreams.

The corporate has splashed out $110 million to by the UK studio, which has a employees of over 250 folks and has labored on titles similar to Synapse and Ghostbusters: Rise of the Ghost Lord. Aonic beforehand invested $35 million in NDreams again in 2022.

“We arrange nDreams in 2006, pivoted to focus completely on VR video games in 2013, and we’re pleased with all the pieces we’ve achieved as an impartial firm,” NDreams CEO Patrick O’Luanaigh (pictured) stated.

“After 18 months of working collectively, we’re assured we’ve discovered the correct accomplice in Aonic. That is the correct second to welcome their assist to strengthen our place even additional, and seize this essential second for VR and MR.”

Aonic CEO Paul Schempp added: “nDreams has carried out an unparalleled job bringing among the greatest VR titles to market, and it was a pure match for us to welcome them to the Aonic household and supply our studios with the most effective group relating to the VR/MR gaming area. This acquisition is yet one more instance of Aonic’s dedication to championing mid-sized studios and creating an surroundings the place groups can create incredible video games.”

UK developer Milky Tea has additionally attracted funding from Aonic, which acquired a majority stake within the studio in April 2023.



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