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Published: June 27, 2018 | Source: Corsair | Author: Mark Campbell

Corsair has acquired Elgato Gaming

Corsair has acquired Elgato Gaming

Corsair has acquired Elgato Gaming

Corsair has confirmed that they have acquired Elgato Gaming for an undisclosed amount, bringing the company’s streaming and content creation tools under the Corsair banner. 

Elgato Gaming is most famous for their capture cards and streaming software/accessories, acting as the world’s premier brand for Twitch streamers across the world. 

Corsair currently manufacturers OC cases, power supplies, accessories and complete systems, marketing their wares to gamers, PC enthusiasts and eSports users, with Elgato acting as a major strategic move to embed themselves further into the gaming market. 

Elgato Gaming, a Munich-based company, is now owned by Corsair, though Elgato’s home business, Elgato Eve, will remain independent and work under a new name, Eve Systems.  

Below is Corsair’s full press release. 

 

    FREMONT, CA — June 27th, 2018 — CORSAIR, a world leader in providing high-performance PC peripherals and components for gamers, enthusiasts and eSports athletes, today is pleased to announce that it has reached an agreement to acquire Munich-based Elgato Gaming.

Elgato’s connected home business, Elgato Eve, will continue as an independent, separate entity under the name Eve Systems.

Drake Star Partners, a global investment banking firm serving the technology, media and communications sectors, acted as exclusive financial advisor to Elgato Systems on this transaction and Bird & Bird served as legal advisor.

Jones Day served as legal advisor to CORSAIR.

About Elgato Systems

Elgato combines software with elegant hardware to create app-powered lifestyle technology defined by comfort, convenience, and control.

Since the launch of the award-winning EyeTV collection in 2002, the brand has evolved to embody Eve, an ecosystem of accessories for the connected home – and Elgato Gaming, a series of content creation tools for the connected generation.

Designed in Germany and California, Elgato products are distributed by major retailers in over eighty countries around the world.

This move has expanded Corsair into the growing game streaming market, whether it be for hobbyists or professionals users. This expansion will allow Corsair and Elgato to merge their branding to widen the reach of both companies, Corsair has become one of the kings of the streaming world.  

You can join the discussion on Corsair’s acquisition of Elgato Gaming on the OC3D Forums. 

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