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Immotion Group raises £3mln as it inks significant roll out deal with Merlin Entertainments

Martin Higginson, chief executive of Immotion Group PLC (LON:IMMO), caught up with Proactive London's Andrew Scott after raising £3.3mln via a share placing to help the virtual reality (VR) group deliver on a number of significant new contracts it has signed.

Following a successful trial, Immotion has agreed with Merlin Entertainments PLC (LON:MERL), the entertainment centres and theme parks operator, to a significant roll-out of the Immotion Group VR Cinematic Platforms across the majority of the Lego Discovery Centres estate plus a LEGOLAND hotel in Germany.

Furthermore, Merlin has also agreed to extend the relationship to cover an initial trial in three Sea Life Centres. The Sea Life Centres will operate Immotion Group's 'sub-sea edutainment' experiences.

Quick facts: Immotion Group

Price: 2.599 GBX

AIM:IMMO
Market: AIM
Market Cap: £9.86 m
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