Turtle Beach has acquired accessories manufacturer PDP to strengthen its position.
Turtle Beach is taking over the accessories manufacturer PDP for a mere $118 million, of which $79.9 million was paid out in cash and the rest in shares.
Turtle Beach expects the acquisition to result in revenue of $390 million to $410 million over the next 12 months.
“I am honored to work with the great Turtle Beach team, which now includes our new colleagues from PDP, as we continue to deliver fantastic new products for gamers and value for our shareholders,” said new Turtle Beach CEO, Chris Keirn.
“Working with our industry partners and with the combined expertise of our teams, we will transform the size and execution of the company by innovating and expanding our leadership position across all gaming accessory categories.”
= Partner & affiliate links: Possible offers listed are usually provided with so-called affiliate links. By purchasing through one of these links you support Xboxdynasty. We receive a small commission from the provider without affecting the price and can offer this website free of charge to you.
