Aonic Expands Its VR Empire with the Acquisition of NDreams
Aonic, a leading gaming company, has recently made a significant acquisition in the virtual reality (VR) industry. The company has acquired VR developer NDreams for a substantial amount of approximately $110 million. This move solidifies Aonic’s position in the VR gaming market and opens up new opportunities for expansion.
Under the terms of the acquisition, NDreams’ co-founders, Patrick and Tamsin O’Luanaigh, will remain in their roles as CEO and CPO, respectively. The entire executive team will also stay on board, ensuring a seamless transition and continuity in management.
The funding from the acquisition will be utilized by NDreams for future investments, including third-party publishing and potential studio acquisitions. This strategic approach will enable the studio to strengthen its position in the industry and explore new avenues for growth.
Mercia Technologies, which previously held a minority stake in NDreams, has now exited the developer as a result of the acquisition. The UK tech investor received a significant return on its investment, totaling £30.2 million in cash and a stake in the developer.
Aonic had already taken a minority stake in NDreams earlier this year with a $35 million investment. This initial collaboration between the two companies evidently paved the way for a larger partnership and the subsequent acquisition.
Both Patrick O’Luanaigh and Aonic CEO Paul Schempp expressed their excitement about the acquisition. O’Luanaigh highlighted the achievements of NDreams as an independent company and the significant support that Aonic can provide. Schempp emphasized Aonic’s commitment to championing mid-sized studios and creating an environment where teams can thrive and create exceptional VR games.
The acquisition of NDreams by Aonic signals a promising future for the VR gaming industry. With the combination of expertise and resources, both companies are poised to lead the way in delivering innovative and immersive VR experiences to gamers worldwide.
1. What did Aonic acquire in the gaming industry?
2. How much did Aonic pay for the acquisition?
3. Who will remain in their roles at NDreams after the acquisition?
4. How will NDreams use the funding from the acquisition?
5. Who previously held a minority stake in NDreams?
6. How much did Mercia Technologies receive as a result of the acquisition?
7. What was the initial collaboration between Aonic and NDreams?
8. What did both Patrick O’Luanaigh and Aonic CEO Paul Schempp express about the acquisition?
9. What does the acquisition of NDreams by Aonic mean for the VR gaming industry?
1. Aonic – A leading gaming company.
2. VR – Virtual Reality, a technology that immerses users in a computer-generated 3D environment.