The videogame industry can be a volatile and unpredictable place with studios open and closing at a rapid rate. Recently mobile developer Gameloft laid off several of its employees but now they’ve been hired by UK-based company Climax Studios as it opens a new studio in Auckland, New Zealand.

Headed by Andy Wilton the new studio will focus on virtual reality (VR) and augmented reality (AR) videogame development. The first being an AR project for a US multinational company whose name has remained secret.

“It was a great opportunity to hire a group of coders, who were both experienced, talented and are already used to working as a team,” said Simon Gardner, CEO of Climax Studios to GamesIndustry.biz.

“In addition I have known and worked with Andy for most of my life and he has worked for Climax as a contractor on numerous occasions in the past. The opportunity was just too good to miss.”

Climax Studios are already well known within the VR industry for its two titles Bandit Six and Bandit Six: Salvo, both of which launched last year for the Samsung Gear VR mobile head-mounted display (HMD).

VRFocus will continue its coverage of Climax Studios VR projects, reporting back with any further updates.

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