Corsair, one of the major hardware manufacturers, today finally Fanatec became the new owner of the brand. The important acquisition process has been completed.
Corsair announced today that they have purchased Fanatec and all the staff working under the famous brand from Endor AG.. Endor AG made a surprise decision last month to file for bankruptcy was found. Endor AG, which was previously reported to be struggling with a debt of 70 million euros and in its latest statement, a debt of 95 million euros, had embarked on a new path with the bankruptcy filing. Andres Ruff, who took over the CEO position after Thomas Jackermeier, made a statement on this issue, “We thank our customers, employees and business partners for their trust and support. As part of the bankruptcy proceedings, we will continue to restructure and work at full speed to reorganize the company. We are confident that we will emerge stronger from this situation and return with sustainably profitable growth.” he had said.
https://twiter.com/fanatec/status/1836823637375992088
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US hardware giant Corsair had been acting as a strategic investor until now, planning to acquire the company once Endor was financially stable again. The following explanation was previously given for Corsair’s move: “Fanatec is an incredible brand with a strong community, and we believe Corsair is an ideal home for Fanatec’s loyal customers, employees, and partners. This transaction will resolve the company’s significant debt burden and position it for continued growth and expansion of its product portfolio.”