Serious Labs sells industrial VR training division

Lewis Tyler Editor, Demolition & Recycling International

24 January 2024

Serious Labs has sold its industrial virtual reality (VR) simulator division to US-based simulation specialist Serious Industrial Motion Simulators (SIMS). No financial details of the transaction have been disclosed.

Under the agreement, the assets, employees, simulator hardware and recurring revenue generated from its Software as a service (SaaS) will be owned by SIMS.

The assets associated with Serious Labs’ MELT VR commercial vehicle project are not included.

Serious Labs said the transaction received unanimous approval from shareholders at a…

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