Corsair is about to acquire racing sim company Fanatec

Corsair is pursuing an acquisition of nan racing sim marque Fanatec. In an update shared connected Thursday, Corsair says it’s negotiating pinch Fanatec to restructure nan troubled company’s around €70 cardinal (about $75.4 million) indebtedness and screen short-term costs.

Over nan years, Fanatec has established itself arsenic 1 of nan astir celebrated brands for racing sim hardware. It offers a premium lineup of racing wheels, pedals, shifters, and more, which virtual racing enthusiasts tin hook up to their console aliases PC erstwhile playing games for illustration Gran Turismo 7 and Assetto Corsa.

But nan company’s estimation has taken a deed successful caller months. Fanatec customers person flooded forums with complaints astir nan company’s inability to fulfill orders connected clip and lack of customer support. Fanatec besides delayed nan launch of its ClubSport DD+ racing wheelbase complete licensing issues. These problems person drawn customers to hardware from rivals for illustration Simagic aliases Logitech instead.

“This transaction would lick nan company’s important indebtedness load and position nan institution for maturation and continued merchandise portfolio description ,” Corsair CEO Andy Paul says successful a statement. Regulators successful Germany — wherever Fanatec is based — still person to o.k. of nan deal.

Corsair isn’t nan only institution successful nan gaming hardware and peripheral manufacture making moves arsenic of late, arsenic Turtle Beach acquired nan gamepad shaper PDP successful March.