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  6. XR Immersive Tech Acquires Synthesis VR

M&A Deal Summary

XR Immersive Tech Acquires Synthesis VR

On September 20, 2021, XR Immersive Tech acquired information technology company Synthesis VR

Acquisition Highlights
  • This is XR Immersive Tech’s 1st transaction in the Information Technology sector.
  • This is XR Immersive Tech’s 1st transaction in the United States.
  • This is XR Immersive Tech’s 1st transaction in California.

M&A Deal Summary
Date 2021-09-20
Target Synthesis VR
Sector Information Technology
Buyer(s) XR Immersive Tech
Deal Type Add-on Acquisition

Target

Synthesis VR

Burbank, California, United States
Synthesis VR is a Location-based Virtual Reality content store & technology engine empowering nearly 300 out-of-home entertainment locations worldwide. Synthesis VR serves more than the Location-based entertainment industry with its first to market and industry technology but also operates a broader sandbox platform serving the education and enterprise sectors as well. Synthesis VR is based in Burbank, California.

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Buyer(S) 1

Buyer

XR Immersive Tech

Vancouver, British Columbia, Canada
Category Company
Founded 2016
Sector Digital Media
Revenue 1M CAD (2022)
DESCRIPTION

XR Immersive Tech is a Virtual Reality and Augmented Reality entertainment and attractions manufacturer blending amusement park engineering and video game development into the world’s first Immersive Entertainment Platform, and physical portal to the Metaverse, with the global release of its flagship hyper-immersive multiplayer VR attraction uncontained. XR Immersive Tech was founded in 2016 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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