Updated Mar 23, 2026 by PCF Group
PCF Group S.A. acquired a 50.01% majority stake in Incuvo S.A. on 13 December 2021 for a base price of PLN 19,995,776.
The deal includes an earn-out provision of up to PLN 11,595,725, contingent on the profitability and Metacritic performance of the VR title 'Green Hell VR'.
Incuvo S.A. specializes in virtual-reality game development and the porting of third-party titles to VR platforms.
Key shareholders Andrzej Wychowń and Radomir Kucharski are bound by non-competition agreements and mandatory board participation until 31 December 2024.
The acquisition is part of PCF Group’s strategic expansion to bolster its production capabilities within the emerging VR gaming sector.
The agreement includes standard liability protections and a 12-month non-competition restriction for the acquired entity post-closing.
PCF Group S.A. acquired a 50.01% majority stake in Incuvo S.A. on 13 December 2021 for a base price of PLN 19,995,776.
The deal includes an earn-out provision of up to PLN 11,595,725, contingent on the profitability and Metacritic performance of the VR title 'Green Hell VR'.
Incuvo S.A. specializes in virtual-reality game development and the porting of third-party titles to VR platforms.
Key shareholders Andrzej Wychowń and Radomir Kucharski are bound by non-competition agreements and mandatory board participation until 31 December 2024.
The acquisition is part of PCF Group’s strategic expansion to bolster its production capabilities within the emerging VR gaming sector.
The agreement includes standard liability protections and a 12-month non-competition restriction for the acquired entity post-closing.