Third-party accessory providers Mad Catz has stated that they have acquired Saitek, who specialize in making gaming accessories for the PC. In fact, Saitek has a leadership position in flight simulation controllers and has established a strong position in keyboards for PC games.
Eric Winkler is the founder of Saitek. He said, “Joining Saitek with Mad Catz is a truly complementary step that leverages the strengths of each side, gives the combined business a new scale, and fortifies the relationships with both suppliers and customers. I am proud of what the Saitek team has achieved in its 28 years and I thank all those who made it possible. We look ahead with confidence to the success of the combined team in the years ahead, and wish them the best of good fortune.”
“PC games peripherals is a category closely adjacent to our core console business and we are excited to be adding one of the world’s leading providers to the Mad Catz family. Saitek significantly enhances Mad Catz’ position as one of the world’s leading games peripherals companies and offers us an entrée into the businesses of PC mice, keyboards and speakers and electronic chess and intelligent games,” remarked Darren Richardson, President & CEO, Mad Catz remarked.
Mad Catz has paid around 30 million to acquire Saitek, who have generated over $43 million of net sales and its gross margins. This is not this first time this year that Mad Catz have bought a firm. In September 2007, Mad Catz acquired Joytech from Take Two.