Holovis has announced a multi-million minority investment in the company by Hong Kong listed corporation Road King Investment and Asset Management Group Limited.
Established in 2004, Holovis currently has 110 employees with its head office in central UK, as well as innovation centers in Mayfair London, Shanghai China and Orlando USA.
Stuart Hetherington, CEO of Holovis explains: “This significant investment will allow Holovis to grow more strategically, particularly in the Far East, whilst maintaining our market leadership position in delivering unique, innovation-led solutions for our global clients. With Road King’s backing we will accelerate our development of immersive, mixed reality solutions, tailored to specific market applications in the Enterprise, Entertainment, Museum and Simulation sectors, including rolling out our exciting, market-defining Extended-Experience augmented and mixed reality technology platform. We will also be deepening and extending our innovation pipeline bringing new and exciting products to market in the next 12 months. With our new partner investor, our Far East operation will also significantly expand across all market sectors, as well as integrating Holovis experiences into Road King’s existing and new real estate projects they own and operate across China.”
Road King has expanded its investment division’s focus to bring together specialist technology companies such as Holovis, to work alongside other complimentary businesses within their portfolio to leverage the synergies and opportunities this new multidisciplinary group can now deliver across China.
William Zen, Chairman of Road King comments: “This partnership with Holovis, along with our other technology investments, brings a unique capability to Road King’s vision and strategy in designing and building the next-generation of visitor attractions and public venue experiences in the Far East. This investment also supports and underpins Holovis and Road King’s plans to expand into the Chinese Enterprise and Simulation markets, which are both showing strong year-on-year growth opportunities.”