Turtle Beach intends to acquire PC peripheral manufacturer Roccat in a $19.2 million cash and stock deal.
The acquisition significantly accelerates Turtle Beach’s planned expansion into the PC gaming headsets, mice and keyboards markets, the company said, strengthening its position in Germany and gaining distribution in new Asian territories.
Roccat, meanwhile, will receive wider distribution in North America and Europe thanks to Turtle Beach’s retail network.
See also: Using eSports To Transform the Retail Experience
According to a statement, the gaming headset manufacturer will acquire Roccat for $14.8 million in cash, net of a working capital adjustment; $1 million in cash or stock; and up to approximately $3.4 million in earnout payments.
The transaction is expected to close in the second quarter.
“This is a dynamic and strategically important deal for Turtle Beach,” said Juergen Stark, CEO of Turtle Beach. “We are adding a complementary portfolio of PC gaming mice and keyboards, a skilled PC accessories team, and a highly synergistic distribution footprint.”
“The acquisition is also a key step in achieving our goal of building a $100 million PC gaming accessories business in the coming years,” he added. “Roccat accelerates our expansion into the roughly $1.6 billion PC gaming headset market, as well as directly enables us to address the roughly $1.3 billion PC gaming keyboard and mice market.”
See also: The Evolution Of Gaming Retail
