Swedish Games Company Aonic Makes Major Acquisition in VR Market
Swedish games company Aonic has made a significant move in the VR market with the acquisition of UK-based VR specialist NDreams. This strategic purchase, worth $110 million, will further solidify Aonic’s position in the virtual reality gaming industry.
NDreams, with a dedicated team of over 250 professionals, has garnered recognition for its work on popular titles like Synapse and Ghostbusters: Rise of the Ghost Lord. The studio has focused exclusively on VR games since 2013, establishing itself as a key player in the industry.
Aonic’s previous investment of $35 million in NDreams back in 2022 laid the foundation for their partnership. The two companies have been working together for the past 18 months, leading to this crucial moment. The acquisition will bolster NDreams’ position and allow them to take advantage of the current momentum in the VR and MR (mixed reality) sectors.
“We are excited to join forces with Aonic,” said NDreams CEO Patrick O’Luanaigh. “Their support will help us strengthen our position even further in the VR gaming space. This partnership allows us to seize the opportunities available in this critical moment for virtual and mixed reality.”
Aonic CEO Paul Schempp emphasized that NDreams’ track record in bringing successful VR titles to market made them an ideal addition to the Aonic family. Furthermore, this acquisition reflects Aonic’s commitment to empowering mid-sized studios and fostering an environment where teams can create exceptional games.
In addition to the acquisition of NDreams, Aonic has also made a significant investment in UK developer Milky Tea, acquiring a majority stake in the studio in April 2023. These strategic moves demonstrate Aonic’s dedication to strengthening its presence in the gaming industry, particularly in the fast-growing VR market.
Q: What is the significance of Aonic’s acquisition of NDreams?
A: The acquisition of NDreams by Aonic is a strategic move that solidifies Aonic’s position in the virtual reality gaming industry.
Q: What is NDreams known for?
A: NDreams is known for its work on popular VR titles like Synapse and Ghostbusters: Rise of the Ghost Lord. The studio has focused exclusively on VR games since 2013.
Q: How long have Aonic and NDreams been working together?
A: Aonic and NDreams have been working together for the past 18 months prior to the acquisition.
Q: How does NDreams feel about joining forces with Aonic?
A: NDreams CEO Patrick O’Luanaigh expressed excitement about joining forces with Aonic, stating that their support will strengthen their position in the VR gaming space.
Q: What is Aonic’s commitment in the gaming industry?
A: Aonic is committed to empowering mid-sized studios and creating an environment where teams can create exceptional games.
1. VR: Virtual Reality refers to the use of computer technology to create a simulated environment that can be experienced and interacted with by a person. In gaming, this often involves wearing a VR headset to immerse oneself in a virtual world.
2. Acquisition: The purchase of one company by another, usually involving the transfer of ownership and control.
3. MR: Mixed Reality refers to the merging of virtual and physical realities, where physical and digital objects coexist and interact in real time.