GN Store Nord shares rise on acquisition of gaming firm Steelseries

GN Store Nord shares rise on acquisition of gaming firm Steelseries

GN Store Nord shares rise on acquisition of gaming firm Steelseries

Information about GN Store Nord shares rise on acquisition of gaming firm Steelseries

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By Nikolaj Skydsgaard
COPENHAGEN (Reuters) -Shares in Danish hearing aid and headset maker GN Store Nord rose 3% on Wednesday after it said it would buy gaming gear company Steelseries from Nordic private equity company Axcel in a deal worth 8 billion Danish crowns ($1.25 billion).
“We have for some time searched for the right way for GN to enter the very interesting gaming market, being keenly interested in the ‘high-end’ segment,” said RenĂ© Svendsen-Tune, chief executive of GN Audio, the company’s headset unit.
Steelseries, which had revenue of 2.2 billion crowns last year, employs about 350 people in offices in Denmark, France, the United States, China and Taiwan.
“We are primarily doing it because it’s a growth case. It ensures, that GN continues to be a growth company,” Chief Financial Officer Peter Gormsen …

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