Corsair to Acquire Fanatec

Corsair to Acquire Fanatec

Mergers and Acquisitions

17 September 2024 20:17

CORSAIR has signed an agreement to acquire the Fanatec Sim Racing brand from Endor AG. The acquisition, set to close within the week, includes all associated personnel and assets.

Fanatec, based in Landshut, Germany, specializes in force feedback steering wheels, wheelbases, pedals, shifters, and other accessories for racing simulators across PlayStation, Xbox, and PC platforms.

More:Concord Might Return

Andy Paul, CEO of Corsair, stated, “We have been a fan of the Fanatec brand for years, and I am thrilled that we were finally chosen to be the next home for Fanatec products. We intend to use our extensive supply chain and logistics network to reduce operating costs, enhance users’ customer service experience, increase sales opportunities, and help the business return to profitability. We intend to maintain the core business in Landshut while expanding its position as a world-class product development center for Sim Racing products. With a strong two-decade legacy, Fanatec is recognized as a pioneer and a mainstay for racing enthusiasts across the globe, and we look forward to building on that heritage as we leverage Corsair’s long track record of product innovation and customer experience leadership.”

Fanatec has experienced growth in recent years, driven by increased interest in on-track racing and the expanding Sim Racing market, valued at approximately $1 billion with a projected 20 percent annual growth rate.

Tags: Corsair

Share:

Sources:

File:Corsair.png

Report mistake   

Submit news   

Related news

View All

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Envy Gaming Merger with Native Gaming Announced

Envy Gaming has announced its merger with esports organization Native Gaming, just two months after Envy was re-acquired by...

Mergers and Acquisitions

Mar 12, 2025

Jam City to Sell Ludia

Mobile game company Jam City has announced the sale of its Montreal-based studio, Ludia, to a group of Canadian investors...

Mergers and Acquisitions

Mar 06, 2025

Corsair to Acquire Fanatec

Mergers and Acquisitions

17 September 2024 20:17

Tags: Corsair

CORSAIR has signed an agreement to acquire the Fanatec Sim Racing brand from Endor AG. The acquisition, set to close within the week, includes all associated personnel and assets.

Fanatec, based in Landshut, Germany, specializes in force feedback steering wheels, wheelbases, pedals, shifters, and other accessories for racing simulators across PlayStation, Xbox, and PC platforms.

More:Concord Might Return

Andy Paul, CEO of Corsair, stated, “We have been a fan of the Fanatec brand for years, and I am thrilled that we were finally chosen to be the next home for Fanatec products. We intend to use our extensive supply chain and logistics network to reduce operating costs, enhance users’ customer service experience, increase sales opportunities, and help the business return to profitability. We intend to maintain the core business in Landshut while expanding its position as a world-class product development center for Sim Racing products. With a strong two-decade legacy, Fanatec is recognized as a pioneer and a mainstay for racing enthusiasts across the globe, and we look forward to building on that heritage as we leverage Corsair’s long track record of product innovation and customer experience leadership.”

Fanatec has experienced growth in recent years, driven by increased interest in on-track racing and the expanding Sim Racing market, valued at approximately $1 billion with a projected 20 percent annual growth rate.

Share:

Sources:

File:Corsair.png

Report mistake   

Submit news   

Related news

View All

KRAFTON Acquires Stake in Nautilus Mobile

Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The all-cash deal, confirmed at the...

Mergers and Acquisitions

Apr 02, 2025

DoubleU Games Finalizes Paxie Acquisition

DoubleU Games, the South Korean gaming giant, has successfully completed its acquisition of Paxie Games, a Turkish game developer, for...

Mergers and Acquisitions

Mar 27, 2025

Niantic Acquired by Scopely

Niantic, the developer behind Pokémon Go, has reached an agreement to be acquired by Scopely, a subsidiary of the Saudi...

Mergers and Acquisitions

Mar 13, 2025

Envy Gaming Merger with Native Gaming Announced

Envy Gaming has announced its merger with esports organization Native Gaming, just two months after Envy was re-acquired by...

Mergers and Acquisitions

Mar 12, 2025

Jam City to Sell Ludia

Mobile game company Jam City has announced the sale of its Montreal-based studio, Ludia, to a group of Canadian investors...

Mergers and Acquisitions

Mar 06, 2025