Aonic has acquired nDreams, the developer of Synapse and Ghostbusters: Rise of the Ghost Lord, for a total enterprise value close to $110 million, the company announced. Headquartered in Stockholm, Sweden, Aonic is a group of global video game companies that includes OtherSide Entertainment, Tiny Roar, BKOM Studios, among others. The company initially invested $35 million in nDreams in March 2022 to gain a minority stake in the company.
“We established nDreams in 2006, shifted our focus exclusively to virtual reality gaming in 2013 and are proud of everything we have achieved as an independent company,” said Patrick O’Luanaigh, CEO of nDreams, in a press release. “After 18 months of working together, we are confident that we have found the right partner in Aonic. “This is the right time to welcome your support to further strengthen our position and take advantage of this critical moment for virtual and augmented reality.”
Paul Schempp, CEO of Aonic, added: “nDreams has done an unrivaled job of bringing some of the biggest VR titles to market, and it was a natural choice for us to welcome them to the Aonic family and provide our studios with the best equipment in the reality gaming space. virtual and augmented. “This acquisition is another example of Aonic’s commitment to supporting mid-sized studios and creating an environment where teams can create great games.”
Aonic’s acquisition of nDreams represents a strategic move to further consolidate both companies’ positions in the virtual and augmented reality gaming space, leveraging nDreams’ previous experience and successes in this field.
Fountain: Gematsu
