Swedish game company Embracer has bought Rotterdam-based maker and publisher of virtual reality games (VR games) Vertigo for 50 million euros. company Wednesday announced.
Embracer will pay 40 million in cash and 10 million in newly issued shares. This means that it will acquire 100 percent of the Rotterdam company.
Vertigo, known for puzzle and adventure games, among other things A Fisherman’s Tale and the strategy game Skyworld, was founded in 2008 and has focused entirely on virtual reality for seven years. The zombie game Arizona Sunshine is sold to arcades, but the game is also available on VR headsets from Oculus and HTC.
In the game, players can walk around with three others in a post-apocalyptic United States in search of other survivors as hordes of zombies cross the path. Vertigo has sold the game over a million times.
Embracer expects the VR gaming market to experience “substantial growth” in the coming years through the combination of new headsets and games. The company owns six subsidiaries, including THQ Nordic and Koch Media.