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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.

Logitech and ASTRO will manufacturer headsets, mice, keyboards and streaming for PC and console gamers.

"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," said Jordan Reiss, co-Founder and President, ASTRO 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
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