On September 13, 2024, Endor AG, known for its racing simulation products such as high-end steering wheels and pedalboards, saw its assets taken over by CORSAIR following a decision by the Landshut Insolvency Court. This acquisition is part of insolvency proceedings opened in September 2024 under file number IN 542/24. Dr. Hubert Ampferl, attorney-at-law with Dr. Beck & Partner, has been appointed insolvency administrator to oversee the liquidation process of Endor AG.
As part of this asset deal, CORSAIR acquired Endor AG’s core business activities, including its international subsidiaries. In addition, all unterminated employment contracts were transferred to CORSAIR, thus guaranteeing continuity for employees.
The liquidation of Endor AG will be complete, with a rapid end to the company’s stock market listing. Endor AG shareholders can expect to receive no financial compensation. Nevertheless, the company’s remaining assets are still available for sale to potential investors.
