Technology content trusted in North America and globally since 1999
7,703 Reviews & Articles | 57,120 News Posts

Logitech is buying headset maker Astro for $85 million

Logitech spends $85 million acquiring gaming headset maker Astro
By: Anthony Garreffa | Audio, Sound & Speakers News | Posted: Jul 12, 2017 5:01 am

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-buying-headset-maker-astro-85-million_02

 

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 SOURCES:Gamespot.com

Related Tags

Got an opinion on this news? Post a comment below!
loading