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Logitech is buying headset maker Astro for $85 million

Logitech spends $85 million acquiring gaming headset maker Astro.

Published Jul 12, 2017 12:01 AM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST
0 minutes & 54 seconds read time

Logitech has just announced it is buying gaming headset maker Astro in a deal worth $85 million, with the two making it official next month.

Logitech is buying headset maker Astro for $85 million | TweakTown.com

Ujesh Desai, VP and GM of Logitech G brand said that Astro's console-oriented gaming headsets will be a "perfect compliment to Logitech G's focus on PC gaming". Logitech has released a press release talking about the Astro acquisition, where they said: "With the addition of Astro, we're investing in an adjacent gaming market - the console gaming market - to help accelerate the long-term growth of our gaming business. In FY 2018, we expect the acquisition of Astro to add approximately two points of growth to the to p line, and to be slightly dilutive to the bottom line in the first year, as we integrate the business and invest to expand Astro internationally".

Astro co-founder and president Jordan Reiss has talked about the acquisition of his company by Logitech, where he said: "The whole team at Astro has always held Logitech and Logitech G products in the highest regard, so I'm ecstatic we are joining forces. Astro's brand strength combined with Logitech G's unrivaled technology and global distribution network is going to bring our products to even more gamers around the world".

NEWS SOURCE:gamespot.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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