Logitech has announced that it has reached an agreement to acquire Ultimate Ears for $34 million in cash. According to the announcement, the acquisition will allow Logitech to “expand its portfolio of digital audio products, providing more options for portable music listening.” “Ultimate Ears is a perfect fit for Logitech and our audio business,” said Gerald P.
Quindlen, Logitech president and CEO. “Since its inception, Ultimate Ears has been driven by innovation, close ties to its customers, and the desire to enable an immersive audio experience.
Logitech’s success has been built on using a deep understanding of our customers to create innovative products that let people immerse themselves in their pursuits—whether they are listening to music, gaming, watching a video or otherwise enjoying their digital lifestyle. We look forward to using our worldwide distribution network and operational efficiencies to help more people discover this superior listening experience.” The acquisition is expected to close in August.
