Corsair is pursuing an acquisition of the racing sim model Fanatec. In an update shared on Thursday, Corsair says it’s negotiating with Fanatec to restructure the troubled firm’s round €70 million (about $75.4 million) debt and canopy short-term prices.
Through the years, Fanatec has established itself as some of the standard manufacturers for racing sim {hardware}. It gives a premium lineup of racing wheels, pedals, shifters, and extra, which digital racing fanatics can hook as much as their console or PC when taking part in video games like Gran Turismo 7 and Assetto Corsa.
“This transaction would resolve the corporate’s vital debt load and place the corporate for progress and continued product portfolio growth,” Corsair CEO Andy Paul says in an announcement. Regulators in Germany — the place Fanatec is predicated — nonetheless must approve of the deal.
Corsair isn’t the one firm within the gaming {hardware} and peripheral business making strikes as of late, as Turtle Beach acquired the gamepad maker PDP in March.