Mad Catz buys Saitek

North American console-focused peripheral maker acquires European PC-centric counterpart for $30 million.

When it comes to acquisitions, sometimes a company buys out a competitor in order to strengthen its hold on the existing market. Other times, the company is hoping for a more synergistic pairing with a firm that has demonstrated expertise where it is weak. The latter appears to be the case with today's announcement that Mad Catz is acquiring Saitek for $30 million.

The San Diego, California-based Mad Catz has traditionally focused on console peripherals from memory cards to joysticks, but is currently in the process of diversifying its business. Saitek, on the other hand, specializes in PC peripherals for gaming and productivity and has main offices in the UK, France, and Germany.

Mad Catz has said it expects the acquisition to be particularly beneficial to its European retail distribution network; more than half of the $43 million in revenues Saitek reported for its previous fiscal year came from Europe. The peripheral maker is also hoping to capitalize on Saitek's existing foothold in the growing Chinese market.

This is just the latest step in Mad Catz' diversification efforts. Two months ago it purchased the Joytech brand from Take-Two Interactive and it also recently expanded its product line to include AirDrives, a new line of headphones designed with ear safety in mind, which cost between $69 and $100.

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83 comments
TheStinkyHindu
TheStinkyHindu

Well blow me down, no wonder Saitek has suffered in the last few years, I didn't know about this till today. I've always gone with Saitek first but as of late have noticed a decline in quality and support for products (drivers, software, profiles etc....). This is not the curry on my chicken.

controlfreak1
controlfreak1

For what it's worth, Mad Catz currently has hands down the best selection of quality faceplates and skins for Gears of War, Halo3, Assassins Creed, Mass Effect, MLB and the NFL. They make a great sling bag for the X-box and their crates and second to none. Their controlers have vastly improved over the years and quite frankly, I prefer their wired Xbox 360 controller to the first party wireless. If you want a controller that is NFL, MLB, NBA or NHL branded...your buying Mad Catz. Their GameShark division still puts out the best cheat software in the market. I for one am happy that there is a low cost alternative to what would otherwise be a first party monopoly. Competition is what keeps prices affordable for you and me.

Dace67
Dace67

Saitek's quality better not suffer because of this. I love my Eclipse keyboard.

slicerdice50
slicerdice50

I've had a couple Mad Catz controllers they all lasted about 2 years and ended up doing better than my actual PS2 controllers

rendallchoc
rendallchoc

Mad Catz stuff is really Cheap and Nasty!!! bargain bin accessories!!! Saitek stuff was quite good! o well.......

tgrace
tgrace

Mad Catz is trash. Now Saitek & Joytech will probably be trash as well.

joeyfine
joeyfine

don't screw up the flight controllers or you'll be in trouble.

Player1_HDS
Player1_HDS

Every mad catz product I've ever seen purchased ended up breaking.

cbalas
cbalas

Rubbish..good answer

RHINO0187
RHINO0187

Everything mad catz makes is garbage. I don't want them screwing with saitek, I have their keyboard and love it.

NinjaMunkey01
NinjaMunkey01

Oh no! mad catz products are rubbish. I never get thir accessories for my consoles, I get the logitech stuff.

DiscGuru101
DiscGuru101

I love Saitek. I am typing on one right now. I am sad to see Mad Catz bag them. I hope my keyboard lasts forever.

DMC2677
DMC2677

What we really need is another Ascii pad. The original PS controller that was "the little boomerang" (if anybody remembers) was PERFECT for fighting games. That d-pad was unmatched! Mad Catz peripherals always had issues one way or another IMO.

DynamoFan
DynamoFan

i had a mad catz controller for dreamcast... waay too many extra buttons...

chipface-z
chipface-z

Just what we need, more Mad Catz products. I had one of their 1019 block memory cards for my Gamecube and within less than a year, all my data got corrupted. I never completely got back all of the stuff I unlocked in Mario Kart.

SpiderLuke
SpiderLuke

I have a Mad Catz Controller for 360 and i'm happy with it. Actually the sole reason i bought it was for the D-pad since the D-pad on the official 360 controller kind of blows. All and all, in the end I prefer Mad Dogz to Mad Catz.

DonutTrooper
DonutTrooper

Oh now I get it! The reason Mad Catz has enough money to buy Saitek is from all of their controllers that are sold and broken, and then the fools who buy replacements of the same brand, and again, and again, and again.

fender_ketchup
fender_ketchup

When it worked right, I loved my PS2 Retrocon. But, after almost a year, the left stick started to pitch to the left. I never figured out how to fix it.

robotdeer
robotdeer

I bought two mad catz controllers for the n64... the both stopped working within 6 months (wires on the inside came loose somehow). I still have my controllers that came with the n64 and they work perfectly. The quality of their product is horrible and I don't think this bodes well for people who buy Saitek stuff.

Simba_Dude
Simba_Dude

well I guess that means Saitek products are going to go from good quality to syht soon which means products that will bust easy. Time to buy their latest model of joystick before this move since it probably will be my last from them :/

MKOwnzU
MKOwnzU

Hey everyone, quit bashing Mad Catz. I bought something from them for my GBA, but I don't remember exactly what, but I DO remember it working fine and not breaking.

Richlough
Richlough

Bring back the Panther XL for 360 .

GrimBee
GrimBee

If they make another "retro con" but with even more quality, I will be even happier :)

alienware7
alienware7

:( This is really bad news! I love Saitek. I cannot howver say the same for Mad Catz. When I think of Mad Catz...I think of cheaping gaming accessories that fall apart.

Madsucktion
Madsucktion

Uuuuugh. Well, there goes my favorite keyboard maker to my least favorite "anything" maker. Seriously, has Mad Catz made ANYTHING worthwhile?

Glitchhawk
Glitchhawk

Saitek Rocked. I loved there keyboards so much ive bought 3 of them... and now im going to have to find a new company cuz madcatz and logitec just doesnt cut it

mashom
mashom

New Thing New Technology might work perfect.

felshs
felshs

Madz Catz gonna be a better product because they will get all the technology, quality from Saitek. i just hope they keep the same low price. or they probably gonna keep saitek brand

felshs
felshs

i like mad catz produce cuz they cheaper than other

playa42018
playa42018

I like Saitek stuff, however Mad Catz seem to have a rep for making cheap console stuff.

TranClan
TranClan

Crap, know we're probably going to get crappy peripherals once they're done messing with some good ones

DarCowAlways
DarCowAlways

The one Saitek brand piece of electronics I have is a PC controller (wired, with 6 main buttons, two analog sticks, two shoulder buttons, a d-pad, and a 'shift'-like button which allows you to use the buttons differently), and I don't especially like it. It's dd and uncomfortable in my hand, and the d-pad likes to make you want to throw it into a wall when you try to set it up for a game, since the diagonals are buttons in themselves, and it's very hard to press them and not the others, and even when you do, it often treats it as a straight button. So, I don't use it except for on this super-old broken fat ugly laptop, since it can run the software which lets you assign keys for different buttons on the controller... Too bad it's not compatible with Vista.

admiral_picard
admiral_picard

Oh no, MadCatz don't mess with the Saitek keyboards and joysticks! They're good and we don't want your cheap crap like on the consoles. They're the reason why I refuse to buy anything but OEM controllers.

imprezawrx500
imprezawrx500

they better not destroy the great saitek products

foxpro-gt
foxpro-gt

hey the micro controlers from mad catz were not that bad

reactionsok
reactionsok

WORST AFTERMARKET CONTROLLERS EVER! THESE BREAK AFTER A WEEK OF USAGE! they will no doubt drive JOYTECH INTO THE GROUND!

redskinStu
redskinStu

Does anybody even buy that MadCatz crap?

KhanhAgE
KhanhAgE

Why would Mad Catz ruin the Saitek name? They bought the company and now own it. That's about it really. It's not like Mad Catz is going to fire a whole bunch of top Saitek employees and replacement them with people from their own. Saitek are still going to be Saitek. If anything, you'll hope that Mad Catz can learn a thing or two from Saitek. People sure like to get melodramatic over such news.

Gen_Payne
Gen_Payne

Wow, terrible news. Both of the Mad Catz devices I have ever owned have crapped out in less than a month, while my Saitek stuff has lasted for over 4 years and it's still going.

dr3b
dr3b

Only $30 million? That sounds cheap, but than again revenues of only $43 million seems low as well. But than again what do I know about peripheral sales.

pred_dachande
pred_dachande

I only buy Mad Catz controllers if I have to, and this is quite sad, really. I've had a couple that were OK, but honestly, every single thing of theirs I have had broke after less than a year, with the exception of a Gamecube controller I now have, and that's only because I haven't had it for a year, yet. Sad news.

km1498
km1498

Unfortunately I like many people on this comment board have had bad experiences with madcatz products, a PS2 controller broke as did the replacement I got when I traded it in.

Lum_Yatsura
Lum_Yatsura

This is a good thing. I mean, $49.99 for the Sixaxis and it doesn't even have rumble? ****! At least Microsoft offers a cheaper wired version of theirs.

buzzguy
buzzguy

How the hell does Madcatz have this kind of money? I've always thought Saitek made quality stuff, as compared to Madcatz' "less quality" gear. They must have sold a lot of Microcons to buy those companies.

hrah
hrah

Well, there goes the brand !!!