LAUSANNE, Switzerland & NEWARK, Calif.--(BUSINESS WIRE)--
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that
it has acquired Mad Catz Interactive Inc.’s (NYSE MKT: MCZ) Saitek®
brand and the Saitek line of flight and space simulation game controller
assets for $13 million in cash.
Ujesh Desai, vice president and general manager of gaming at Logitech
said: “We’re pleased with this tuck-in acquisition of the Saitek product
portfolio. The Saitek product line complements our market-leading
portfolio of Logitech G gaming products, including simulation products
like our G29 and G920 Driving Force steering wheels, and expands our
leadership position at a very exciting time for gaming.”
This asset acquisition is not considered material to Logitech’s
quarterly or full-year financial results.
About Logitech
Logitech designs products that have an everyday place in people's lives,
connecting them to the digital experiences they care about. Over 30
years ago Logitech started connecting people through computers, and now
it’s designing products that bring people together through music,
gaming, video and computing. Founded in 1981, Logitech International is
a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on
the Nasdaq Global Select Market (LOGI). Find Logitech at www.logitech.com,
the company blog or @Logitech.
2016 Logitech, Logicool, Logi and other Logitech marks are owned by
Logitech and may be registered. All other trademarks are the
property of their respective owners. For more information about Logitech
and its products, visit the company’s website at www.logitech.com.
(LOGIIR)
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Source: Logitech International