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Saitek sold

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Major flight sim & PC gaming peripheral manufacturer Saitek has been sold to Mad Catz Inc for $30 million (seems cheap given the value of the $ atm).

 

Saitek (originally started 28 years ago to make chess computers) was a private company wholly owned by it's founder Eric Winkler.

There is certainly a synergy as Saitek appeared to have pulled out of making peripherals for XBox, Play Station etc. & that's obviously a Mad Catz strength whilst they were weak in PC peripherals where Saitek are strong.

 

Mad Catz also recently bought another peripheral company, Joytech.

 

http://www.saitek.co.uk/uk/info/pr_news5.htm

 

http://phx.corporate-ir.net/phoenix.zhtml?...&ID=1077796

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afaik it's business as usual at least in the short term (~a year anyway I would think).

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