Turtle Beach agrees to acquire Roccat

For $19.2 Million

Turtle Beach has agreed to acquire Roccat for $14.8 million in cash, $3.4 million in earn-out payments and, $1 million in cash or stock (Roccat's choice) for a total cost of $19.2 million. According to Turtle Beach, from this acquisition the company should have a stronger market position in Europe and also Asian markets.



Turtle Beach said that it also plans to expand Roccat's market share in North America using its existing sales and distribution platforms. The acquisition should help both brands, since Turtle Beach is specialized in console accessories while Roccat in PC peripherals.

Turtle Beach CEO Juergen Stark said in the press release:
Quote:
The acquisition is also a key step in achieving our goal of building a $100 million PC gaming accessories business in the coming years. ROCCAT accelerates our expansion into the roughly $1.6 billion PC gaming headset market, as well as directly enables us to address the roughly $1.3 billion PC gaming keyboard and mice market. We believe our combined product portfolio is one of the strongest in the industry, covering gaming headsets for consoles and PC's, gaming keyboards and mice. Together we will have 48 core product models to pursue the total addressable market of over $4.7 billion in North America, Europe and Asia.






Source: prnewswire

News by Luca Rocchi and Marc Büchel - German Translation by Marc Büchel - Italian Translation by Francesco Daghini


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