Aonic Group nDreams News PSVR 2

Major PSVR 2 Game Developer nDreams Has Been Acquired By Aonic Group

nDreams, one of the most prolific PSVR 2 game developers out there, has been snapped up by Aonic for a tidy $110 million.

The company had previously invested $35 million into the Ghostbusters: Rise of the Ghost Lord developer for a minority stake, and as a result of the acquisition now joins other teams including OtherSide Entertainment, Milky Tea, and TutoTOONs.

Speaking on the acquisition, nDreams’ CEO, Patrick O’Luanaigh, commented:

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. 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 [mixed reality].

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According to the press release, the acquisition will “facilitate nDreams’ future investments in third-party publishing and, potentially, more studio acquisitions.”

Back in September 2022, nDreams announced plans to increase wages for its employees to combat the rising UK energy costs.