After current operational and monetary issues for the German Endor AG / Fanatec firm, the American pc 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’s not clear if the Fanatec title will proceed for use as a model.
Using its international manufacturing and distribution channels, Corsair will probably 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 Components racing and upright GT-style positions. The cockpit will include quite a lot of non-compulsory elements.
Press Launch:
Landshut, September 13, 2024 – Insolvency proceedings have been initiated for Endor AG (WKN 549166 / ISIN: DE0005491666) by a choice of the Landshut insolvency courtroom on September 13, 2024 underneath the file quantity IN 542/24. Lawyer Dr. Hubert Ampferl, a companion 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 international subsidiaries will 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 count on to not obtain any funds. The corporate’s actual property stays up on the market.
About CORSAIR
CORSAIR (Nasdaq: CRSR) is a number one international developer and producer of high-performance gear and know-how for avid gamers, content material creators, and PC fanatics. From award-winning PC elements and peripherals to premium streaming tools and good ambient lighting, Corsair delivers a full ecosystem of merchandise that work collectively to allow everybody, from informal avid gamers to dedicated professionals, to carry out at their best.
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 homeowners with which they’re related.
About Endor AG
Endor AG develops and markets high-quality enter gadgets reminiscent of 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 artistic sector. Endor carries out product growth and prototype development underneath its personal path and along with specialised know-how companions, primarily in Germany. Endor sells its merchandise underneath the FANATEC model through e-commerce primarily to finish prospects in Europe, the USA, Canada, Australia, and Japan.
Official Webpages – www.fanatec.com
