Corsair goes all-in on Sim Racing as it reveals plans to acquire Fanatec

Corsair are working to acquire Endor AG, the owners of the Fanatec brand

It looks like Corsair are entering the world of sim racing, revealing plans to acquire Endor AG, the company behind the famed Fanatec brand. Fanatec is a brand that specialises in sim racing equipment, including direct drive bases, wheels, pedals, shifters, and cockpits. the company is well loved by the sim racing community, making the brand a great pickup for Corsair as its expands further.

Currently, Endor AG is in the process of restructuring. The company has approximately €70 million in dept. Corsair has agreed to help the company with its short-term cashflow needs. As such, Corsair are in exclusive negotiations with Endor AG to acquire the company.

Corsair are a major peripherals manufacturer, making the Fanatec brand a good fit for the gaming giant.

Corsair announced today that it has entered exclusive negotiations to acquire sim racing specialist Endor AG, owners of the world famous Fanatec brand. Corsair has reached an agreement with Endor to fund its short-term cash needs while both companies negotiate a restructuring of Endor’s approximately €70 million of debt, which will ultimately result in Corsair acquiring Endor. “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.”

This sentiment is echoed by Endor. “We are very pleased to have found a strategic investor in Corsair who knows our market well and wants to invest for the long term,” said Andres Ruff, CEO and Chief Restructuring Officer of Endor. Endor is a leading manufacturer of dedicated sim racing hardware, including force feedback steering wheels, pedals, and complete cockpits for PlayStation, Xbox, and PC-based racing simulators. This acquisition bolsters the investment Corsair has made in the simulation space, and means it is uniquely positioned going forward to provide peerless sim racing solutions.

(Image from Fanatec)

Recent years have seen Corsair grow into a huge PC and peripherals company. Currently, Corsair owns DROP, SCUF Gaming, Origin PC, and Elgato. Fanatec would be a solid addition to Corsair’s library of PC and accessories companies, expanding the company into high-end sim racing setups.

You can join the discussion on Corsair’s plans to acquire Endor AG on the OC3D Forums.