04.103.2016 - Logitech to Acquire Jaybird, Expanding Into the Fast-Growing Wireless Audio Wearables Market

Dateline City: 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. Language: English Contact: 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 Slug: Ticker: LOGN Exchange: SWX Ticker: LOGI Exchange: NASDAQ @logitech read more - View Press Release - Visit Logitech, Inc.