Aonic acquired award-winning VR studio NDreams for $100 million. The acquisition followed the previously invested $35 million in nDreams back in March 2022.
NDreams will continue its journey under familiar leadership, with Co-Founders Patrick and Tamsin O’Luanaigh remaining in their positions alongside the rest of the company’s executive team and board. With more than 250 employees, NDreams is one of the biggest VR studios in the world.
“We set up nDreams in 2006, pivoted to focus exclusively on VR games in 2013, and we’re proud of everything we’ve achieved as an independent company,” reflects Patrick O’Luanaigh, CEO of nDreams. “This is the right moment to welcome the support of Aonic to strengthen our position even further and seize this critical moment for VR and MR.
“nDreams has done an unparalleled job bringing some of the biggest VR titles to market, and it was a natural fit for us to welcome them to the Aonic family and provide our studios with the best team when it comes to the VR/MR gaming space,” said Paul Schempp, CEO of Aonic. “This acquisition is yet another example of Aonic’s commitment to championing mid-sized studios and creating an environment where teams can create fantastic games.”
After receiving the initial $35 million investment from Aonic Group, NDreams acquired long-time associate Near Light and released the highly anticipated Ghostbusters: Rise of the Ghost Lord.
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