Koch Media today entered into an agreement to acquire 100% of the shares of Vertigo Games Holding B.V based in the Netherlands.
With today’s acquisition, Koch Media enters a new market segment for the group’s business worldwide, further expanding its global network and line up.
Founded in 2008, Vertigo Games is a multiplatform VR entertainment company with offices in Rotterdam and Los Angeles. Vertigo Games focuses on development (Vertigo Studios) and publishing, for both home entertainment (Vertigo Publishing) and location-based-entertainment (Vertigo Arcades). Vertigo Games is an official partner of all major VR content providers and acts as a cross-platform publisher and developer in the VR market. The acquisition includes all segments of the Vertigo Games business, as well as all intellectual property rights. With no changes to existing management or team, Vertigo Games will operate as an independent content provider under the global business and publishing group of Koch Media.
“Vertigo Games has gone through rapid growth in recent years, which has seen our team branching out from VR development to publishing, home entertainment to distribution, creating multiple VR brands. I am proud to see the company enter the next stage as part of the Embracer Group.” said Richard Stitselaar, CEO of Vertigo Games. “In Koch Media we have found a partner equally eager to push the boundaries of VR gaming, we will pursue this goal with even more enthusiasm through opportunities for cooperation between the companies.”
Dr. Klemens Kundratitz, CEO of Koch Media said: “We have been monitoring the VR market very closely over the last few years. We believe now is the right time to extend our groups’ activities in this exciting and rapidly growing industry. I’m sure we are only at the very beginning of the technological development of virtual reality and what it offers to gamers from all over the world. We are delighted that with the acquisition of Vertigo Games, the leading team in the VR development market is joining our group. Together, we will push the boundaries of VR gaming even further by combining our strong global development and publishing network with their specialized expertise in VR gaming.”
Focusing exclusively on the VR gaming market since 2013, Vertigo Games has launched its own VR brand Arizona sunshine in 2016 and expanded into publishing and location-based-entertainment (LBE) business for third-party VR games in 2017/2018.
Combining years of experience in all areas of VR entertainment, Vertigo Games offers a new, powerful and complete gaming experience. Current titles include Vertigo Studios’ VR brand, Arizona sunshinethe critically acclaimed third-party VR title, A Fisherman’s Taleas well as exclusive LBE VR experiences such as Ghost Patrol VR. The company’s 2020/2021 line-up includes six releases, including Vertigo Studios’ upcoming shooter game, After the fall.
