snakebyte Group Announces Milestone in Company History, Transitioning into Playcorion Group
- 11 hours ago
- 2 min read
Strategic Focus Designed to Support Long Term Growth, Beginning with Divestment of Distribution Business
Schwerte, February 18, 2026 – snakebyte Group, a global leader in consumer electronics and software development, announced today a significant milestone in its corporate evolution, transitioning into Playcorion Group, a newly structured entity designed to support long term strategic growth with an accelerated focus on expanding the companies’ brands and product lines.
As part of this transformation, Playcorion Group has announced today its decision to exit its distribution business entirely, effective from March 2026. The Playcorion Group will sell off its distribution subsidiary, snakebyte Distribution GmbH, and will no longer conduct any distribution activities under the Playcorion Group umbrella going forward.
This decision marks a deliberate shift toward a brand-led operating model, allowing Playcorion Group to refocus its concentration on building, developing, and scaling its own brands globally.
Under Playcorion Group, the company’s portfolio will be organised into dedicated brand companies, each focused on its respective category and customer base:
Honeycomb – Flight simulation hardware and associated ecosystems
snakebyte – PC and console gaming accessories, peripherals, and licensed products
PebblePlay – Gaming hardware and adjacent devices designed for a younger audience, digital content, and subscription services
Each brand will operate with its own strategic roadmap and operational focus, while Playcorion Group will provide group level leadership, governance, and long-term investment strategy.
Mike Steup, Chairman and Founder of Playcorion Group commented on today’s announcement, “Our transition to Playcorion Group demonstrates a renewed focus on strategic growth and is a direct result of the evolution of our business.” Continuing, Mike Steup said, “By separating brand operations from distribution, we’re able to channel our energy into what we do best, building strong, category leading brands, and creating a clearer, more scalable foundation for the future.”
The divestment of snakebyte Distribution GmbH is a strategic decision, one which promises not to impact existing products, brand availability, or customer relationships. Distribution will continue through established external partners and market specific arrangements, ensuring continuity and stability across all regions.
With this move, Playcorion Group plans on positioning itself as a pure brand group, focused on innovation, product excellence, and long-term value creation across gaming hardware, accessories, and digital entertainment.
For more information about Playcorion Group, please visit: www.playcorion.com.
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About Playcorion Group
Playcorion Group is a global gaming group overseeing specialised brands across distinct gaming categories. Its portfolio includes Honeycomb (flight simulation hardware), snakebyte (gaming accessories and peripherals), and PebblePlay (children’s gaming and edutainment solutions). The Group focuses on building long-term brand value through innovation, focused execution, and strong global partnerships.
For more information, visit: www.playcorion.com
