1 October 2012 7:05 PM, PDT | IF.com.au | See recent IF.com.au news »

Australian visual effects and production company Animal Logic has acquired the assets of Fuel VFX.

It ends Fuel VFX's near-death experience after the company, which has contributed visual effects work to a range of high-profile blockbusters, called in voluntary administrators Jirsch Sutherland on August 27 after suffering a cash crunch.

Animal Logic, which is based at Sydney's Entertainment Quarter, plans to continue running the company under the Fuel VFX brand (under a new company dubbed Animal Logic Fuel) at Fuel's current Newtown offices.

Animal Logic chief executive Zareh Nalbandian said there were synergies between the two companies.

"Highly regarded around the world for its advertising and film VFX work, it is a name with a great pedigree and a solid future," Nalbandian said in a statement. "We are committed to making sure that this great creative resource will not disappear from our Australian VFX landscape..

The acquisition price was not disclosed. »

- Brendan Swift

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