Logitech Acquires Mad Catz's Saitek For $13 Million: Why The Company Wants The Joystick Maker

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Logitech introduced that it has accomplished its acquisition of the Saitek firm, which primarily makes recreation controllers for simulation games. It seems that the pc peripheral vendor is betting on the sport phase in an age the place everyone within the business is raving about digital actuality (VR).

Logitech has defined that Saitek has a cult following amongst onerous core players, notably these playing Elite: Harmful, Eve: Valkyrie, Star Citizen and Microsoft Flight Simulator, amongst others. The firm sees a chance on this supposedly rising market, stating that some titles are already VR-enabled.

"Whether or not you are into driving, flying or exploring area, there are recent new titles obtainable and extra to return," Logitech said in an official assertion. "A few of these titles are even VR enabled and we consider that devoted controllers will stimulate and improve the whole VR expertise."

The acquisition value Logitech $13 million and would in all probability contribute in leveraging the corporate's push to faucet the sim-fashion gaming market. For occasion, Logitech cites the way it might increase the present secure of peripherals it builds underneath its high-efficiency gaming Logitech G portfolio, which incorporates an array of gaming wheels for driving sims. Saitek's merchandise embrace army grade area and flight joysticks, flight yoke and instrument panels, amongst others. The firm additionally makes a VR controller for its X-56 superior management flight system.

There are these, nevertheless, who've doubts about Logitech's newest acquisition. These observers cite that Saitek has been acquired by Mad Catz for $30 million again in 2007. The vital drop in valuation since then is being attributed to the deteriorating quality of Saitek units. Definitely, the Saitek sale is predicted to line up Mad Catz pockets particularly as the corporate has been lately experiencing troublesome time and declining revenue. It's unclear how these points will have an effect on Logitech, which has thus far avoided addressing this challenge.

Regardless of the case is, the Saitek acquisition is aligned with the strong enlargement of Logitech's product line up to now few years. Early this yr alone the corporate additionally purchased Jaybird, the wearable and sport headphone producer. Which means, from the essential computing peripherals similar to mice and keyboards, it's now concerned in professional-gaming gear and — by means of Saitek — high finish simulation hardware.

Previous to the acquisition, Saitek has been developing a custom controller for the quickly-to-be-launched Star Citizen recreation. That is the extremely anticipated crowd-funded undertaking of Chris Roberts, who additionally developed Wing Commander and Freelancer. It isn't but clear whether or not Logitech will determine to place a lid on the undertaking.

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