On December 17, 2020, ACCO Brands Corporation announced that it has closed the acquisition of PowerA, a leading provider of third-party video gaming controllers, power charging solutions and headsets. PowerA has a multi-year track record of partnering with the leading gaming platforms and title publishers in the console gaming industry.
“The addition of PowerA represents a major step in our continuing strategy to transition the company into a faster growing, consumer-focused business. After the acquisition, more than 50% of our sales will come from consumer, school, and technology products, which will offer faster growing market demand over the next several years. We are very excited to have PowerA become a part of ACCO Brands,” commented Boris Elisman, Chairman, President and Chief Executive Officer of ACCO Brands.
Details of the transaction can be found on www.accobrands.com.
Source: ACCO Brands