Having announced a potential acquisition in November 2025, it’s been confirmed today that Asetek accepts the takeover offer from CQXA Holdings.
The deal will see CQXA Holdings Pte Ltd, a wholly owned and controlled subsidiary of Suzhou Chunqiu Electronic Technology Co Ltd hold 95.3% of the shares in Asetek, once all the legal and regulatory requirements have been met. The offer price of DKK 1.72 per share put the value of the company at approximately DKK 547.4 million (roughly £63 million).
This includes Asetek Racing, the sim racing division which produces the Initium, Invicta, Forte and La Prima ranges, along with various other hardware for virtual racing.
What does this means for sim racers?
In the short term, nothing is likely to change for owners of current Asetek products or sim racers as a whole. The most recent Q3 2025 report noted that the SimSports division produced $1.3 million in revenue as part of the total company revenue of $9.8 million, and it was relatively stable despite challenging trading conditions.
Asetek Racing launched in 2021 as a division of the Danish PC hardware company which originally started in 2000, and has rapidly become a popular choice for sim racing wheels and pedals. And reports of the original offer stated that Chunqiu was interested in both the industry-leading liquid cooling solutions and ‘innoviative SimSports initiatives’ as highly complemtary to their own consumer electronics portfolio. So it’s unlikely they’ll try to make any big changes in the near future.
In the meantime, you can keep up with the latest coverage of Asetek products, here. Along with all sim racing wheels and pedals, and general industry news.
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