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.
Should the deal come to fruition, it will mark a major play by Corsair into the world of sim racing. Fanatec has a loyal following, and it's one of the premier brands in the sim racing market, with a range of mid-to high-end direct drive bases, wheels, pedals, shifters and cockpits.
In recent years, Fanatec products have faced increased competition from cheaper direct drive alternatives from companies such as Moza.
Mainstream brands such as Thrustmaster and Logitech – both major players in the sim racing scene since it began in the mid-1990s – are also betting big on the growth of sim racing and have expanded their ranges with affordable direct drive bases and high quality swappable wheels, so this move by Corsair isn't entirely surprising as a peripheral manufacturer. “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.” 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.