04.12.2016 - Logitech to Acquire Jaybird, Expanding Into the Fast-Growing Wireless Audio Wearables Market
NEWARK, Calif. & LAUSANNE, Switzerland
NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that
it has agreed to acquire Jaybird
LLC of Salt Lake City, Utah, for approximately $50 million in cash,
with an additional earn-out of up to $45 million based on achievement of
growth targets over the next two years. Jaybird is a leader in wireless
audio wearables for sports and active lifestyles, a category the company
created in 2008.
Logitech InternationalJoe GreenhalghVice President, Investor Relations – USA510-713-4430Krista ToddVice President, External Communications – USA510-713-5834Ben StarkieCorporate Communications – Europe+41-(0) 79-292-3499
Ticker: LOGN Exchange: SWX
Ticker: LOGI Exchange: NASDAQ
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