Fanatec acquired by Corsair
- Thread starter PJTierney
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- Germany
- timekiller001
No one knows at the moment. The company is up for sale, the deadline for offers ended a few weeks ago and are most likely currently in the process of being checked and negotiated.
At the moment they are most likely only selling stuff they have available in their warehouses and already have a few articles out of stock. There were reports of the manufacturers/suppliers in China going on strike, so it's likely they are currently not receiving any new shipments at all (or only if paid fully in advance). So I doubt there are any big sales coming up (except for a clearance sale if for some reason no one buys the company and they do go bankrupt) - especially with the disastrous Black Friday last year.
And if they get bought out, almost anything is possble.
RS60NR
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- 249
- United States
Corsair takes over -
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- 41
- Germany
Is anyone fluent enough with German insolvency laws to know if this liquidation: "Endor AG will be fully liquidated as part of the insolvency proceedings and its stock market listing will be terminated shortly. Shareholders should expect not to receive any payments"Corsair takes over -
Means Fanatec products ( support, i.e. drivers, warranties, etc) are to be taken over by Corsair too, or if they also get rid of all responsibilities towards current Fanatec product owners that way (and essentially just keep the brand name, and the employees to form the new Corsair brand) ?
If it's the later, they'd be burning a lot of customer bridges right there and I doubt very few Fanatec owners, of which there is a fair lot, would touch Corsair with a ten-foot-pole ever again.
Curious how this will play out. But I'd assume there's going to be some press releases to follow now.
- 774
- Germany
- timekiller001
I tried to Google a bit but couldn't find anything specific to that. The only legal obligation they would have is the warranty anyway, there's no legal obligation to create new drivers. But given laws are usually rather consumer friendly in this case, I would expect that any warranty claims have to be taken over by Corsair.
Then again, it would be very stupid from Corsair to leave the existing customer base hanging. For now I expect that operations will resume as before, with the old devs being taken over continuing to create new drivers and updates. At least in the short-tern. Who knows what will happen in the long term. They will probably get fully merged into Corsair at some point.
I'm currently more interested in the brand name "Fanatec", since from what was said some time ago, that actually belongs to Jackermeier and not to Endor. So unless they make a deal, they won't be able to sell stuff under the Fanatec brand, including what's left in stock.
Only lawyers will be qualified enough to give you a "real" answer
The german page of endors press release says that Corsair got an asset deal. Asset deals (according to google) include all the inventory/machinery, rights and intellectual property (can include software)/patents. Especially the last one could be of interest for corsair and "developing" new products...
Edit: add links to press releases
German press release: https://endor.ag/2024/09/13/endor-ag-stellt-insolvenzantrag-3/
English press release: https://endor.ag/2024/09/13/endor-ags-business-is-taken-over-by-corsair/?lang=en
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- 248
- China & USA
Is the deal done and dusted, or might the situation change again?Corsair takes over -
- 87,120
- Rule 12
- GTP_Famine
This is the discussion thread for an article on GTPlanet:
Corsair Wins Battle of Endor: Fanatec’s Parent Company to be Liquidated
After a legal to-and-fro which has lasted across the summer, US-based gamingware manufacturer Corsair has been confirmed as the new owner of the troubled Endor AG and its Fanatec racing peripheral brand...
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Corsair cant wait to put all those RGBs on your wheels and pedals 
- 315
- Celina, Texas
- Tex_Hill
This statement makes no sense. Why should Sony care? Sony's only goal is to make money for its shareholders. Sony isn't affected by this situation and already made their money off of Fanatec - a deal that was probably another nail in Endor/Fanatec's coffin - and could care less if Fanatec stayed solvent. It may have even benefited Sony for Fanatec to go down because then Sony may be able to resell the "official GT7 wheel" license to another manufacturer.
At the end of the day, the fault lies with Thomas, his champagne taste and beer budget, and his board that didn't rein him in.
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- 320
- Michigan
- xIX_CJ83_XIx
- xIX_CJ83_XIx
If I find out that I have to use iCue for the software updates, I'm jumping out of a window....Corsair cant wait to put all those RGBs on your wheels and pedals
Agreed. I'm glad it's in the hands of a stable company. And a company that specializes in PC components.
I'm not sure what you mean by this. It's literally a 50/50 split between said banks and said corporations winning or losing. Asking Sony to do something is like asking Ford to help you with your mortgage payment because you're about to lose your house....
- 310
- way ahead of you, leaving you in the pixie dust
Corporate coops and financier vultures will ensure there is no more soul or passion to lead the market. It was a good run... I have orders from over 15 years ago when the order numbers where just a few digits long. It goes to show how easily misinformation campaigns in forums manipulate everything when AI article writing takes reddit posts as gospel.
Competitors see this (/are doing this) and it likely will be quite nasty till it gets absolutely untenable and long overdue regulations for identity verification and fact validity is required. But would there be anything that could be reported on anymore other than official public filings and rulings?
Competitors see this (/are doing this) and it likely will be quite nasty till it gets absolutely untenable and long overdue regulations for identity verification and fact validity is required. But would there be anything that could be reported on anymore other than official public filings and rulings?
- 87,120
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- GTP_Famine
What?
- 320
- Michigan
- xIX_CJ83_XIx
- xIX_CJ83_XIx
I'm trying to decipher what you're talking about in here, but it sounds like you're blaming competitive corporations for the downfall of Fanatec? I'm not sure what misinformation you're referencing, but TJ went on a rant, publicly trying to blame everyone else for the fall of the company. I can think of 2 people that do this daily on social media. One owns the largest EV company in the world, and the other one has half of the USA brainwashed into thinking he's sane enough to be president again, after recently being shot at...
- 774
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- timekiller001
While I do believe that the new management drove the company into the ground on purpose to allow Corsair in, it would not have been possible/necessary if the previous management had done their job correctly. All of this mess was avoidable.
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- Celina, Texas
- Tex_Hill
Well, there is a lot of arguing about the past. What I would like to know is how Corsair is going to conduct business in the future. The only window to that is how they run their other acquisitions. All I know is their Elgato business unit is essentially the same as it was when they took over. I don’t know if this would be good or bad for the Fanatec arm. They definitely need to invest in R&D because their products are quickly being overrun by Moza, Thrustmaster, and other like companies.
- 774
- Germany
- timekiller001
I'd think that the R&D was underfunded in the past months/years. It felt like they released the DD+ too early (Software not ready yet, not properly implemented by game devs) to make a quick buck - at the same time we did have the QR2 which took years from announcement to release. The Bentley wheel was shown but never released, etc etc.
Let's hope they now get the funding they need for that.
Let's hope they now get the funding they need for that.
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Last I checked, @Famine is a human being
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