Corsair, the American computer hardware and peripherals company, has acquired Endor AG, a financially troubled German hardware manufacturer known as the parent company of sim racing brand Fanatec. The financial terms of the acquisition have not been disclosed. According to an official press release from Endor AG, Corsair will take over all business activities of the company. This includes acquiring all shares of its foreign subsidiaries, granting Corsair full control over Endor AG's international operations. Additionally, Corsair will assume all active employment contracts of Endor AG employees. The real estate assets owned by the German manufacturer are set to be sold as part of the restructuring process.

Earlier this year, Endor AG reported significant financial challenges. In late July, the company applied for a deferment of payment due to liquidity issues. Endor AG disclosed that it was carrying debts exceeding €95 million (approximately $112 million USD), while generating an annual revenue of about €100 million (approximately $118 million USD). This debt level nearly matched its yearly income, prompting the search for a buyer to stabilize the company's finances. Corsair had been collaborating with Endor AG earlier in the year to address immediate financial concerns. This partnership aimed to mitigate acute liquidity problems and explore long-term solutions for the German manufacturer. During this period, Corsair expressed interest in acquiring Endor AG, culminating in the current acquisition.

The takeover allows Corsair to expand its product portfolio into the sim racing market, leveraging Fanatec's reputation for high-quality sim racing hardware. This strategic move could enhance Corsair's position in the gaming peripherals industry by adding specialized products tailored to sim racing enthusiasts. By incorporating Endor AG's assets and expertise, Corsair may strengthen its market position and open new avenues for growth. The acquisition could also have implications for the sim racing community, possibly resulting in new or improved products that leverage the combined strengths of both companies.

Source: fanatec