W5 Solutions AB (W5) has acquired 100 per cent of the Swedish-based MSE Omnifinity AB (Omnifinity), a hardware and software company.
Omnifinity is at the forefront regarding virtual reality — not least through the product Omnideck. With Omnideck the immersion factor is taken to the next level by allowing the user to walk and move freely in any virtual world — in a 360-degree treadmill. Using sophisticated algorithms to move the user in any direction on a motor-driven surface, the Omnideck offers a new experience in a safe environment, where no training is required.
– We have worked with Omnifinity for a long time and are excited to bring them into the W5 family. This acquisition will add talent, development, and value to our virtual training and simulation business area, says Daniel Hopstadius, CEO W5 Solutions AB.
Within W5, Omnifinity will operate as an independent business division, with a continued focus on providing solutions to clients within innovation, simulation, and entertainment. Through Omnifinity, W5 will further strengthen its position with best-in-class virtual simulation and training systems.
– We are thrilled that Omnifinity is joining forces with the world-class team of W5. We have been partners for a long time, share the same values and look forward to continuing working with the team at W5 on new and exciting future projects, says Richard Guilfoyle, Director Omnifinity.
The transaction was completed as of 1st June 2021. The parties have agreed not to disclose the terms.
For additional information, please contact:
Daniel Hopstadius, CEO W5 Solutions AB
Richard Guilfoyle, Director Omnifinity
ABOUT W5 SOLUTIONS
W5 Solutions delivers high-tech systems and solutions. Our clients are Swedish and international government agencies as well as companies in the areas of defense and civil protection.
We are experts in training and simulation, mission systems, communication, and power supply. In addition, we have support functions such as training, repair, and maintenance in the defense sector.