After months of dramatic developments, it is now official: US hardware giant Corsair acquires Endor AG and its Fanatec brand.
What started with the dismissal of Endor/Fanatec Founder Thomas Jackermeier as the company's CEO and continued as an explosive series of events now culminates in an official acquisition: Corsair, who first acted as strategic investor and later stated that they were still interested in Endor after the StaRug proceedings fell through, purchases Endor AG as part of an asset deal.
That means that Fanatec, one of the most popular brands of sim racing hardware, is now entirely in the hands of the US-based hardware and gaming peripheral giant. In doing so, the company also takes over all active employment contracts of Endor's, according to the official statement - a relief for current Endor/Fanatec employees for now.
Most recently, an Extraordinary General Meeting had been planned, initiated by Jackermeier and his Bamboo Investment GmbH, with the main purpose of withdrawing confidence from the Management Board. The meeting was allowed to go ahead by the Local Court of Landshut initially, but was "postponed" in late August.
Corsair's acquisition of Endor/Fanatec marks the end of one of the hottest topics in sim racing in 2024 - at least for now. To catch up with the entire story, check out our video on the saga surrounding Fanatec/Endor and Corsair below - or click here to read our article on this topic.
Corsair had recently shown its first sim racing product, a highly-adjustable rig, at gamescom 2024. The company already owned several of Endor's IP since late May as collateral against payments it made to try and stabilize Endor, and in Cologne, all Corsair rigs were equipped with Fanatec gear, and the Corsair booth displayed several Fanatec products as well.
What are your thoughts on Corsair acquiring Endor AG and Fanatec? Let us know in the comments below!
What started with the dismissal of Endor/Fanatec Founder Thomas Jackermeier as the company's CEO and continued as an explosive series of events now culminates in an official acquisition: Corsair, who first acted as strategic investor and later stated that they were still interested in Endor after the StaRug proceedings fell through, purchases Endor AG as part of an asset deal.
That means that Fanatec, one of the most popular brands of sim racing hardware, is now entirely in the hands of the US-based hardware and gaming peripheral giant. In doing so, the company also takes over all active employment contracts of Endor's, according to the official statement - a relief for current Endor/Fanatec employees for now.
Full Liquidation Of Endor
With the acquisition of Endor, "the shares in the foreign subsidiaries will also be transferred", and Endor AG will be "fully liquidated as part of the insolvency proceedings." That, in turn, means that Endor will cease to be listed on the stock exchange as well - but interestingly, the statement also mentions that "shareholders should expect not to receive any payments". Meanwhile, "the company's real estate remains up for sale".Most recently, an Extraordinary General Meeting had been planned, initiated by Jackermeier and his Bamboo Investment GmbH, with the main purpose of withdrawing confidence from the Management Board. The meeting was allowed to go ahead by the Local Court of Landshut initially, but was "postponed" in late August.
Corsair's acquisition of Endor/Fanatec marks the end of one of the hottest topics in sim racing in 2024 - at least for now. To catch up with the entire story, check out our video on the saga surrounding Fanatec/Endor and Corsair below - or click here to read our article on this topic.
Corsair had recently shown its first sim racing product, a highly-adjustable rig, at gamescom 2024. The company already owned several of Endor's IP since late May as collateral against payments it made to try and stabilize Endor, and in Cologne, all Corsair rigs were equipped with Fanatec gear, and the Corsair booth displayed several Fanatec products as well.
What are your thoughts on Corsair acquiring Endor AG and Fanatec? Let us know in the comments below!
