There was a pleasant shock morsel for these following Turtle Beach’s monetary’s this week. In addition to a “record fourth quarter,” the headset maker introduced that it has agreed to purchase fellow gaming peripheral firm Roccat for $14.eight million in money.
Turtle Beach is finest identified for creating gaming headsets for a variety of various consoles, PCs and cell units. Picking up Germany-based Roccat will assist the San Diego firm additional broaden into extra peripherals like mice and keyboard. Turtle Beach is additionally hoping it’s going to assist broaden its primarily U.S. and Europe-based gross sales into Asia, the place Roccat has already made a dent.
In a press launch tied to the information, Turtle Beach CEO Juergen Stark calls the deal, a key step in attaining our purpose of constructing a $100 million PC gaming equipment enterprise within the coming years.”
The complimentary nature of the 2 corporations’ product portfolios ought to definitely go a methods towards serving to broaden Turtle Beach’s model. No phrase, nonetheless, on whether or not the corporate will proceed to take care of the Roccat line in these markets the place it’s already founds some traction. Certainly that will make lots of sense within the brief time period.
Turtle Beach expects the deal to shut in Q2.