Posts Tagged ‘Saitek’
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July 11, 2017

Logitech Acquires ASTRO Gaming for $85 Million Establishing Itself in the Console Gaming Space

The PC gaming peripherals market has been pretty great to Logitech lately, as the company’s recent financials revealed that their gaming products lineup saw as much as a 28% increase in sales in FY’17 year-over-year growth.

In order to maintain the momentum, Logitech has recently announced the acquisition of ASTRO Gaming, a gaming peripherals maker primarily focused in the console gaming space. Logitech believes that the acquisition of ASTRO Gaming will help Logitech quickly expand to the console gaming market and accelerate long term growth in the gaming division.

According to the announcement, Logitech will acquire ASTRO Gaming for $85 million in [...]

 
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March 31, 2017

Mad Catz Goes Bankrupt: Company Ceases Operations and Begins Asset Liquidation

Mad Catz has officially gone bankrupt.

The beleaguered gaming peripherals company which produced well known gaming peripherals such as the R.A.T. series gaming mice, S.T.R.I.K.E. series gaming keyboards, and the peripherals for Rock Band has officially filed Chapter 7 bankruptcy after efforts to sell the company and efforts to find lenders willing to extend lines of credit have failed. Along with Mad Catz CEO Karen McGinnis, all Mad Catz officers and directors resigned as of yesterday and the company has begun liquidating assets.

This follows a string of unfortunate events for the company.  Last year the company laid off 37% of its employees and the [...]

 
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September 16, 2016

Logitech Acquires Saitek from Mad Catz for $13 Million

According to a recent announcement, Logitech acquired Saitek from gaming peripherals maker Mad Catz Interactive at the tune of $13 Million cash.

Saitek, who specializes in joysticks for flight simulators, wheels for farming simulators, and racing wheels for racing simulators, is expected to be a perfect complement to Logitech’s existing gaming peripherals lineup.

Ujesh Desai, vice president and general manager of gaming at Logitech said: “We’re pleased with this tuck-in acquisition of the Saitek product portfolio. The Saitek product line complements our market-leading portfolio of Logitech G gaming products, including simulation products like our G29 [...]

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