Stockholm-based Aonic Acquires NDREAMS For $110 Million. Their joint successes to date made it an easy decision for us to deepen their partnership with Aonic, a great and supportive bunch of people who respect what they have built and share our vision for taking it forward.
They will also be continuing their 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.
Their first steps in VR were more than a decade ago with the likes of Oculus DK1, Samsung Gear VR, and even Google Cardboard. Both nDreams and the VR games market are unrecognisably different today, and joining Aonic ensures that they can continue to grow along with the current reality and potential for VR, AR and MR.
Patrick O’Luanaigh, CEO of nDreams said, “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, 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”.
Crucially, after 18 months of working alongside Aonic and benefiting from their investment, they were confident they have found the right partner. This deal wouldn’t have happened otherwise.
Paul Schempp, CEO of Aonic said, “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.”
NDREAMS are a publisher and producer of virtual reality games that are at the forefront of gaming innovation. Since being established in 2006 by CEO Patrick O’Luanaigh, they have grown from their headquarters in Farnborough, UK, to include several satellite studios.
Aonic was established with the express purpose of addressing a glaring void in their sector by developing a genuinely nurturing environment for elite, mid-sized teams.