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Logitech to acquire gaming console brand ASTRO for $85 mn in all-cash deal

This acquisition is aimed at accelerating long-term growth of company's gaming business in market

IANS  |  New Delhi 

Logitech (Photo courtesy: Wikimedia Commons)
Logitech (Photo courtesy: Wikimedia Commons)

Global and mobile accessories manufacturer on Wednesday announced acquisition of US-based brand Gaming for an deal of $85 million. The acquisition is aimed at accelerating long-term growth of the company's gaming business in the console "is the leading player for premium console and is the preferred headset for console e-sports athletes," said Ujesh Desai, Vice-President and General Manager, G, in a statement. "It's a perfect complement to G's focus on PC gaming and we couldn't be more excited," Desai added. is known for its "A40" and "A50" designed for pro-gamers and core enthusiasts. and will manufacturer headsets, mice, keyboards and streaming for PC and console gamers. "The whole team at has always held and G products in the highest regard, so I'm ecstatic we are joining forces," said Jordan Reiss, co-Founder and President, Gaming. The deal is expected to close in early August.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 17:11 IST