Endor AG Fanatec Now Officialy Owned By Corsair

After latest operational and monetary issues for the German Endor AG / Fanatec firm, the American laptop peripherals firm Corsair now formally introduced that they acquired full possession of the sim racing specialist Endor AG, together with the favored Fanatec model.

Following this process, the Endor AG inventory market itemizing might be terminated.

Corsair took over all energetic employment contracts of Endor’s, which means that for now, the Fanatec workers will stay the identical. It isn’t clear if the Fanatec title will proceed for use as a model.

Using its world manufacturing and distribution channels, Corsair will most certainly be capable of higher sort out inventory and transport points.

Following the announcement that Corsair is increasing into the sim racing business, they’ve teased a prototype of its new Sim Racing Chassis that can be utilized for each Formulation racing and upright GT-style positions. The cockpit will include a wide range of non-compulsory elements.

Press Launch:

Landshut, September 13, 2024 – Insolvency proceedings had been initiated for Endor AG (WKN 549166 / ISIN: DE0005491666) by a choice of the Landshut insolvency court docket on September 13, 2024 below the file quantity IN 542/24. Lawyer Dr. Hubert Ampferl, a associate on the regulation agency Dr Beck & Associate, was appointed because the insolvency administrator.
CORSAIR® (Nasdaq: CRSR) has acquired the enterprise operations of Endor AG as a part of an asset deal. The shares within the overseas subsidiaries can even be transferred. Moreover, CORSAIR will take over all energetic employment contracts of Endor AG.
Endor AG might be totally liquidated as a part of the insolvency proceedings and its inventory market itemizing might be terminated shortly. Shareholders ought to anticipate to not obtain any funds. The corporate’s actual property stays up on the market.

About CORSAIR

CORSAIR (Nasdaq: CRSR) is a number one world developer and producer of high-performance gear and know-how for players, content material creators, and PC lovers. From award-winning PC elements and peripherals to premium streaming tools and sensible ambient lighting, Corsair delivers a full ecosystem of merchandise that work collectively to allow everybody, from informal players to dedicated professionals, to carry out at their best possible.

Copyright © 2024 Corsair Gaming, Inc. All rights reserved. CORSAIR and the sails emblem are registered emblems of CORSAIR in the US and/or different international locations. All different firm and/or product names could also be commerce names, emblems, and/or registered emblems of the respective house owners with which they’re related.

About Endor AG

Endor AG develops and markets high-quality enter units similar to high-end steering wheels and pedals for racing simulations on sport consoles and PCs. As a “mind manufacturing facility”, the corporate’s focus is on the inventive sector. Endor carries out product improvement and prototype development below its personal route and along with specialised know-how companions, primarily in Germany. Endor sells its merchandise below the FANATEC model through e-commerce primarily to finish prospects in Europe, the USA, Canada, Australia, and Japan.

Official Webpages –  www.fanatec.com