Mad Catz acquires Saitek

Third party accessories firm Mad Catz has acquired fellow PC peripherals outfit Saitek in a deal worth $30 million. Saitek specialises in PC accessories, multimedia audio products, chess and intelligent games, and is one of the market leaders in the flight sim controller market. In its last financial year the outfit reported net sales of $43 million.

Mad Catz expects all of Saitek's 120 employees in development, sales, marketing, distribution and finance to remain on board.

Mad Catz president and CEO Darren Richardson stated: "PC games peripherals is a category closely adjacent to our core console business and we are thrilled to be adding one of the world's leading providers to the Mad Catz family."

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Zhuk4923d ago

good move by Mad Catz, Saitek have pretty much positioned themselves as the best Joystick makers in the PC business without Thrustmaster or Microsoft making them anymore