HardwareControllersSteering WheelsCorsair to go all in on sim racing with plans to acquire Fanatec and help with its €70 million debtWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
HardwareControllersSteering WheelsCorsair to go all in on sim racing with plans to acquire Fanatec and help with its €70 million debtWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Future)
Corsair has entered into negotiations to acquire Endor AG, the owners of the sim racing specialist Fanatec. The proposed deal will provide a welcome cash injection into Endor AG, which has been struggling under the weight of a €70 million debt.
“Fanatec is an incredible brand with a strong community, and we believe Corsair is the ideal home for Fanatec’s loyal customers, employees and business partners,“said Corsair CEO, Andy Paul. “This transaction would solve the company’s significant debt load and position the company for growth and continued product portfolio expansion.”
Race on(Image credit: Future)Best PC racing wheels: perfect for any circuit.Best VR headset: which set is right for trackdays?
Race on
(Image credit: Future)Best PC racing wheels: perfect for any circuit.Best VR headset: which set is right for trackdays?
(Image credit: Future)
Best PC racing wheels: perfect for any circuit.Best VR headset: which set is right for trackdays?
Fanatec’s financial woes left it a prime takeover candidate. It was in the midst of a corporate and financial restructuring prior to the Corsair announcement. Just a few weeks ago, its founder and CEO Thomas Jackermeier was removed from his post after 25 years at the helm, though he remains with the company in a reduced role, and is now focussed on product design and development.Product delays and long shipment lead timesheaped more pressure on the company. Hopefully Fanatec can now benefit from Corsair’s finely tuned logistics and service expertise.
Sim racers are among the most enthusiastic of all gamers, often spending thousands of dollars on equipment on top of thousands more on PCs and monitors. A proper cockpit setup takes up a lot of space too. The latter is part of the reason I never graduated beyond driving with a controller. Blasphemy! Sim racing is something I’ve always been interested in, and I definitely agree withAndy’s sentiments on the joys he gets from sim racing.
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