Updated Mar 17, 2026 by PCF Group
PCF Group S.A. acquired a 50.01% controlling interest in VR studio Incuvo S.A. on December 13, 2021, by purchasing 7,143,900 shares.
The initial purchase price for the controlling stake was 19,995,776 PLN, executed via the NewConnect market.
Incuvo is eligible for an additional performance-based earn-out payment of up to 11,595,725 PLN, contingent on the net profits and Metacritic score of the title Green Hell VR.
The acquisition includes non-compete clauses and management commitments that bind key Incuvo executives to the company until at least December 31, 2024.
This strategic move is intended to diversify PCF Group’s technical capabilities and establish a formal presence in the virtual reality gaming segment.
PCF Group S.A. acquired a 50.01% controlling interest in VR studio Incuvo S.A. on December 13, 2021, by purchasing 7,143,900 shares.
The initial purchase price for the controlling stake was 19,995,776 PLN, executed via the NewConnect market.
Incuvo is eligible for an additional performance-based earn-out payment of up to 11,595,725 PLN, contingent on the net profits and Metacritic score of the title Green Hell VR.
The acquisition includes non-compete clauses and management commitments that bind key Incuvo executives to the company until at least December 31, 2024.
This strategic move is intended to diversify PCF Group’s technical capabilities and establish a formal presence in the virtual reality gaming segment.