Techcorp Limited has been designing and engineering accessories since 1993 and has been the principal supplier of accessories for Take-Two’s worldwide accessories business. The acquisition is intended to strengthen Take-Two’s already impressive European market share and accelerate the growth and profitability of Take-Two’s North American accessories business. Currently, Techcorp designs accessories for all the major platforms, including Sony PlayStation and PlayStation 2, Nintendo GameBoy and GameBoy Advance, PC and Microsoft’s Xbox.
With the resources and contacts of Take-Two, combined with our design and engineering skills, we expect to become a worldwide force in the game accessory market, said Peter Yeung, Chief Executive Officer of Techcorp Limited.
Lee Guinchard, Vice President of Accessories – Worldwide, stated, This acquisition provides a number of very interesting opportunities, including access to the Japanese accessory reseller market, a market which we previously did not address, and enhances our ability to create a major worldwide interactive video game accessory company.
Kelly Sumner, Chief Executive Officer of Take-Two Interactive Software, Inc., stated, Take-Two continues to add to its diversified interactive games group and the design engineering talents that this acquisition brings is a further step in our vertical integration strategy.
SOURCE: COMPANY PRESS RELEASE
