From the columns of GamesIndustry.biz comes news destined to shake the entire sector of gaming peripheral manufacturing companies: Turtle Beach Corporation has in fact announced theacquisition of PDP and the consequent birth of a new hub in the sector.
The marriage between Turtle Beach and PDP will lead the US gaming peripheral giant to acquire the entire share package of the Californian company with an overall investment of 118 million dollarscorresponding to approximately 108.35 million euros at the current exchange rate.
The entry of PDP into the Turtle Beach family of subsidiaries will allow the industry giant known throughout the world for its gaming headsets (but not only) to acquire the experience and skills gained since 2006 by PDP, a particularly appreciated for its range of licensed peripherals and controllers, such as the pad from the Victrix line and Fortnite Festival's Rock Band-style guitars.
As a result of this merger, Turtle Beach Corporation expects to generate revenues of between $390 and $410 million over the next 12 months. PDP's former owner, private equity firm Diversis Capital, will become Turtle Beach's majority shareholder, with its executive David Muscatel who will join a board of directors to be led by Chris Keirn as the new CEO.
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