Logitech Acquires Saitek Simulation Product Line from Mad Catz
September 15 2016 - 5:30PM
Business Wire
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today
announced that it has acquired Mad Catz Interactive Inc.’s (NYSE
MKT: MCZ) Saitek® brand and the Saitek line of flight and space
simulation game controller assets for $13 million in cash.
Ujesh Desai, vice president and general manager of gaming at
Logitech said: “We’re pleased with this tuck-in acquisition of the
Saitek product portfolio. The Saitek product line complements our
market-leading portfolio of Logitech G gaming products, including
simulation products like our G29 and G920 Driving Force steering
wheels, and expands our leadership position at a very exciting time
for gaming.”
This asset acquisition is not considered material to Logitech’s
quarterly or full-year financial results.
About Logitech
Logitech designs products that have an everyday place in
people's lives, connecting them to the digital experiences they
care about. Over 30 years ago Logitech started connecting
people through computers, and now it’s designing products that
bring people together through music, gaming, video and
computing. Founded in 1981, Logitech International is a
Swiss public company listed on the SIX Swiss Exchange (LOGN)
and on the Nasdaq Global Select Market (LOGI). Find Logitech
at www.logitech.com,
the company blog or @Logitech.
2016 Logitech, Logicool, Logi and other Logitech marks are owned
by Logitech and may be registered. All other trademarks are the
property of their respective owners. For more information about
Logitech and its products, visit the company’s website at
www.logitech.com.
(LOGIIR)
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version on businesswire.com: http://www.businesswire.com/news/home/20160915006605/en/
Logitech InternationalBen LuVice President, Investor Relations -
USA510-713-5568orKrista ToddVice President, External Communications
- USA510-713-5834orBen StarkieCorporate Communications - Europe+41
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