Thu, Sep. 15, 7:01 PM
- Logitech (LOGI +0.8%) has acquired the Saitek line of flight and space simulation controllers from Mad Catz (MCZ -4%).
- Logitech paid $13M in cash. It'll add the controller line to its Logitech G gaming portfolio, including its racing-game steering wheels.
- “We’re pleased with this tuck-in acquisition of the Saitek product portfolio," says Logitech's Ujesh Desai.
- After hours: LOGI -1%; MCZ +28.8%.
Tue, Apr. 12, 5:55 PM
- Logitech (NASDAQ:LOGI) is buying Jaybird, a Utah-based provider of Bluetooth headphones and fitness bands meant for "sports and active lifestyles," for $50M in cash up-front plus up to $45M worth of earn-out payments over the next two years.
- The deal is expected to close in the coming weeks, and isn't expected to materially affect Logitech's FY17 (ends March '17) guidance. Jaybird's products will be added to a Logitech product line that includes the company's Ultimate Ears (UE) Bluetooth headphones and speakers.
- Logitech CEO Bracken Darrell: "As one team, we can address the fast-growing wireless audio wearables market with all the advantages of Jaybird’s strong brand and sports expertise, and our combined audio engineering and design capabilities." Jaybird CEO Judd Armstrong: "Jaybird will benefit from Logitech’s global distribution network and deep engineering prowess."
Jun. 20, 2013, 12:00 PM
Logitech (LOGI -1.2%) backtracks on plans to divest its Harmony universal remote line: the peripherals maker cites the success of its recently-launched/top-of-the-line Harmony Ultimate, which controls everything from game consoles to Philips LED lights. Logitech also announces it's selling now selling the Harmony Ultimate Hub, which turn iOS/Android phones into universal remotes with the help of an app, as a standalone $100 accessory - until now, it only came bundled with the $350 Ultimate and the $130 Harmony Smart. (PR)| Jun. 20, 2013, 12:00 PM
May 22, 2013, 12:38 PM
Jul. 20, 2011, 3:55 PM
Logitech (LOGI +2.7%) is moving higher after acquiring Mirial, a developer of videoconferencing software for PCs, mobile devices, and enterprise and service provider platforms. Logitech plans on integrating Mirial's software into its LifeSize videoconferencing product line. (PR)| Jul. 20, 2011, 3:55 PM