Aonic acquires VR specialists nDreams for $110 million

VR specialist developer nDreams has been acquired by Swedish gaming group Aonic for $110 million.

2023 has been an enormous 12 months for nDreams, with the studio releasing PSVR 2 shooter Synapse to important acclaim, cooking up the co-op ghost-hunting sport Ghostbusters: Rise of the Ghost Lord, and collaborating with Futurlab on PowerWash Simulator VR.

Aonic, in the meantime, first invested in nDreams in March 2022, injecting $35 million into the corporate for a minority stake. With the complete acquisition, nDreams will now be a part of OtherSide Leisure, Tiny Roar, BKOM Studios and extra. The corporate is described as extra of a collective of like-minded corporations, as apposed to an Embracer Group model consolidation of studios and IP.

Patrick O’Luanaigh stated, “We arrange nDreams in 2006, pivoted to focus solely on VR video games in 2013, and we’re pleased with the whole lot we’ve achieved as an unbiased firm.

“After 18 months of working together, we’re confident we’ve found the right partner in Aonic. This is the right moment to welcome their support to strengthen our position even further, and seize this critical moment for VR and MR.”

Aonic CEO Paul Schempp commented, “nDreams has achieved an unparalleled job bringing a few of 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 very best crew relating to the VR/MR gaming house.

“This acquisition is yet another example of Aonic’s commitment to championing mid-sized studios and creating an environment where teams can create fantastic games.”

With Aonic’s acquisition, UK tech investor Mercia Asset Administration has been compensated for their very own minority stake in nDreams. That got here again in 2015 with Mercia investing $2.75 million. They’re being well-compensated with greater than a ten instances return and a recent stake in Aonic.

Supply: press launch