Asetek Faces Market Challenges

The parent company of Asetek SimSports, Asetek itself, which is dedicated to liquid cooling systems, has experienced a significant drop in its stock price in recent days after announcing that the expected sales increases for this year might not materialize.

Furthermore, the company’s own statement on this matter indicates that this situation could extend into 2025, leading many investors to close their positions. For those of us who are not initiated, it appears that Asetek is facing some patent issues and lawsuits over licensed technology, which has not endeared the company even to some of its clients.

Regarding the Sim Racing branch, revenues continue to rise, and a significant increase is expected even compared to the 40% growth already achieved in 2023. We will see how this situation develops and whether the parent company’s troubles affect the subsidiary, which is our primary concern in this case.

You can find the full statement from the company here.

See you on the track!