Corsair Is Acquiring Fanatec, The Makers Of Sim Racing Peripherals
Corsair Is Acquiring Fanatec, The Makers Of Sim Racing Peripherals
American gaming peripherals powerhouse Corsair is soon getting another company under its belt, reports PCWorld. Those who are familiar with racing games will know Fanatec, which produces various premium sim racing equipment like steering wheels, gearboxes, pedals, and more; it competes against brands like Thrustmaster and Logitech in this niche market.
Prior to this acquisition announcement, Corsair has already owned several large PC brands in the industry, including streaming equipment maker Elgato, north American boutique system builder Origin PC, high-end controller maker SCUF, and retailer of custom keyboards and audiophile gear Drop (formerly Massdrop). The addition of Fanatec will allow Corsair to branch into a new segment of PC peripherals, which should allow more resources for the brand to compete against giants like Logitech.
The deal is not done yet as of this writing – the acquisition process will involve a restructuring of Fanatec’s debts worth €70 million (~RM357.4 million), which was agreed upon by both parties as the current owner of the brand, Endor AG, is looking to fund its “short-term cash needs”. This should be no issue for the American company, given its significantly larger cash pool in the form of $1.4 billion worth of revenue last year.
Pokdepinion: The company was a lot smaller just 5 years ago – it has come a long way.
