Turtle Beach announced this morning that it has acquired Neat Microphones. Neat is a manufacturer of digital USB and analog microphones.
Turtle Beach is already known for its high-quality gaming headsets. The acquisition means that Turtle Beach now has a strong foothold in the $2.3 billion global microphone market. Neat Microphones has nearly 40 patents and 70 trademark registrations in its portfolio of over 60 products.
Here is the full statement from Turtle Beach CEO Juergen Stark:
We are entering the growing global streaming and microphone market with two significant advantages – the visionary leadership and engineering expertise behind some of the most renowned mics of the past 30-plus years, and Neat’s impressive 2021 product lineup.
This is another significant milestone for Turtle Beach. Entering the global microphone market with Neat diversifies our product portfolio into new categories, while complementing Turtle Beach and Roccat’s offerings in console and PC accessories. The total addressable market for our diversified products and brands expands from $5.1B to $7.4B with this acquisition.
Turtle Beach is already well-known for the excellent mic performance in our gaming headsets, and Neat’s technology will further enhance our future industry-leading Turtle Beach and Roccat products. Additionally, the Neat brand expands our reach beyond gaming with a broader assortment of consumer and prosumer audio products.”