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Aonic acquires nDreams
20.11.2023 - 08:31 / gematsu.com
Aonic has acquired Synapse and Ghostbusters: Rise of the Ghost Lord developer nDreams for a total enterprise value close to $110 million, the company announced.
Headquartered in Stockholm, Sweden, Aonic is a group of global gaming companies that includes OtherSide Entertainment, Tiny Roar, BKOM Studios, and more. It invested an initial $35 million in nDreams in March 2022 to receive a minority stake in the company.
“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,” said nDreams CEO Patrick O’Luanaigh in a press release. “After 18 months of working together, we’re confident we’ve found the right partner in Aonic. This is the right moment to welcome their support to strengthen our position even further, and seize this critical moment for VR and MR.”
Aonic CEO Paul Schempp added, “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. 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.”
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