After being announced back in March, Turtle Beach have made it official that their acquisition of German PC peripheral company ROCCAT has been completed.
Juergan Stark, CEO of Turtle Beach Corporation, said in the press release:
“With the acquisition of ROCCAT complete, we have a bigger and more powerful Turtle Beach than ever before, and we believe our combined product portfolio will be one of the strongest in the industry. The ROCCAT team and their products already have a great reputation among PC gamers, and their expertise will help accelerate our expansion into the roughly $1.6 billion1 PC gaming headset market, and the roughly $1.3 billion1 PC gaming keyboard and mice market. Our goal is to expand from being the leader in console gaming headsets into becoming a leading gaming accessory brand for all platforms.”
Turtle Beach purchased ROCCAT for $15.6 million in cash plus a $3.3 million in earnout payments.