nDreams, a Farnborough, UK virtual reality (VR) studio that specialises in developing and publishing VR games, has been acquired by Stockholm-based Aonic AB in a £90.3m ($110m) deal.
Founded by Patrick and Tamsin O’Luanaigh, nDreams has more than doubled the size of its team to 250, including 195 developers working across four studios on a range of high- potential projects. These include recent launches Ghostbusters: Rise of the Ghost Lord, in collaboration with Sony Pictures Virtual Reality and Meta, and the Meta Quest chart topper Powerwash Simulator VR.
Led by Paul Schempp, CEO, Aonic is diversified video gaming group with a strong position in the VR and augmented reality (AR) industry and made an initial $35m investment into nDreams in March 2022. This investment helped support nDreams’ acquisition of Near Light Limited, a Brighton-based VR and AR game development studio, organic investment into new game developments as well as its broader growth strategy.
FinSMEs