Virtual reality has a few major players, and the development house named nDreams is one of them. Having released many well-regarded VR games across various platforms, the studio has just been acquired for about $110 million.

The buyer is Aonic, a “diversified video gaming group” which previously invested $35 million into nDreams for a minority stake. With this acquisition, it has now bought up the team entirely, joining other devs like Warren Spector’s OtherSide Entertainment, Milky Tea, and TutoTOONS.

nDreams is the company behind several acclaimed PSVR2 and PSVR games, including Fracked, Synapse, and Ghostbusters: Rise of the Ghost Lord. Aonic’s acquisition will “facilitate nDreams’ future investments in third-party publishing and, potentially, more studio acquisitions”, the press release reads.

Patrick O’Luanaigh, CEO of nDreams, comments on the move: “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,” he says. “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].”

So, all sounds pretty positive, then — although we hope Aonic is keeping one eye on the implosion of Embracer Group and learning some lessons there. Anyway, what do you think of this news? Tell us in the comments section below.