Aonic acquires nDreams for $110 million

20 November, 2023 - 4:05 pm (17 days ago)
1 min read

Aonic, a notable name in the gaming industry, has fully acquired nDreams, a leading virtual reality games developer, for $110 million. This strategic move follows Aonic‘s initial $25 million investment earlier in the year to obtain a minority stake in nDreams. The acquisition underscores Aonic’s commitment to expanding its foothold in the virtual and mixed reality gaming sectors.

Continued Leadership and Growth Under Aonic

nDreams, known for acclaimed VR titles like Phantom: Covert Ops and Ghostbusters: Rise of the Ghost Lord, has seen significant growth, now boasting a team of approximately 250 employees. Despite the acquisition, nDreams will maintain its current leadership, with co-founders Patrick and Tamsin O’Luanaigh continuing as CEO and Chief People Officer, respectively.

Strategic Expansion and Future Projects

The acquisition marks a pivotal moment for nDreams, allowing it to capitalize on the expanding VR and MR market. Aonic’s backing is expected to aid nDreams in future investments, including third-party publishing and potentially more studio acquisitions. nDreams has already made strides in third-party publishing with titles like PowerWash Simulator VR and has expanded its portfolio through the acquisition of VR/AR experts Near Light.

A Collaborative Future for Aonic and nDreams

Paul Schempp, CEO of Aonic, lauded nDreams for its significant contributions to the VR market and expressed enthusiasm for the future collaboration within Aonic’s network of studios. This acquisition is seen as an opportunity for knowledge exchange and resource sharing among Aonic’s mid-sized studios, with nDreams positioned as a key player in VR and MR gaming innovation.

With nDreams’ proven track record in VR gaming and Aonic’s supportive environment, this partnership is set to bring forth exciting developments in the VR and MR gaming space. As nDreams continues its work on upcoming projects, the gaming community eagerly anticipates the innovative experiences that this collaboration will produce.

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Bilgesu Erdem

tech and internet savvy, cat lover.

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