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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