VR developer nDreams acquired by Aonic for $110 million
nDreams, best known for Synapse and the VR version of Powerwash Simulator, has announced that it has been fully acquired by Aonic for $110 million USD.
The details:
The acquisition was announced in a new press release, with the developer thanking Aonic for investing $35 million in the studio back in March 2022, which resulted in the launch of a number of successful titles and awards over the past year and a half.
The acquisition is viewed by the company as an opportunity to "strengthen [its] position in XR even further," with a focus on "continuing the trajectory" it is currently on in a "stable, supportive environment." This includes the ability to invest in "third-party publishing titles and, potentially, more studio acquisitions'' while working with Aonic's other studios, such as Milky Tea and Bkom Studios.
nDreams has since grown to become the industry's largest VR game developer and publisher, with 250 employees based in the UK. Originally founded in 2006, it decided to go all-in on VR in 2013, after receiving positive feedback on its first tech demo, SkyDIEving.
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