Logitech acquires Ultimate Ears

Logitech has agreed to acquire leading in-ear monitoring and headphone company, Ultimate Ears, for $34 million in cash.

Ultimate Ears offers solutions for professional musicians along with an extensive range of in-ear consumer earphones for MP3 players and the iPhone.

An estimated 75 per cent of today’s top touring rock musicians now use the Ultimate Ears custom-fit in-ear monitor while performing.

The acquisition is a way for Logitech to expand its portfolio of digital audio products, it already offers digital music speaker systems and speakers and headphones for PCs.

“Ultimate Ears is a perfect fit for Logitech and our audio business,” said Gerald P. Quindlen, Logitech president and chief executive officer. “Since its inception, Ultimate Ears has been driven by innovation, close ties to its customers, and the desire to enable an immersive audio experience.

“We look forward to using our worldwide distribution network and operational efficiencies to help more people discover this superior listening experience.”

“The iPod and iPhone have made it possible for each of us to have a portable and personal music-listening experience,” said Junien Labrousse, executive vice president of Logitech’s Products Group. “But for a truly immersive listening experience, you need an earphone with a comfortable fit that keeps out the background noise and lets you hear music as the artists intended, which is precisely what Ultimate Ears has mastered.”

The acquisition is subject to customary closing conditions and is expected to close in August.

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