Logitech to acquire gaming console brand ASTRO for $85 mn

Views: 37

New Delhi, July 12 (IANS) Global computer and mobile accessories manufacturer Logitech on Wednesday announced acquisition of US-based gaming console brand ASTRO Gaming for an all-cash deal of $85 million.

The acquisition is aimed at accelerating long-term growth of the company’s gaming business in the console gaming market.

“ASTRO is the leading player for premium console headsets and is the preferred headset for console e-sports athletes,” said Ujesh Desai, Vice-President and General Manager, Logitech G, in a statement.

“It’s a perfect complement to Logitech G’s focus on PC gaming and we couldn’t be more excited,” Desai added.

ASTRO is known for its “A40” and “A50” headsets designed for pro-gamers and core enthusiasts.

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

ALSO READ:   RInfra bags 2 road projects worth Rs 1,881 cr

“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.



Comments: 0

Your email address will not be published. Required fields are marked with *