Logitech acquires Ultimate Ears
This morning Logitech, a company focused on electronic peripherals, announced its purchase of Ultimate Ears for US$34 million.
Ultimate Ears specializes in custom in-ear monitors and headphones and the US based company looks to expand Logitech’s market in the portable music listening arena.
“Ultimate Ears is a perfect fit for Logitech and our audio business,” said Gerald P. Quindlen, Logitech president and chief executive officer. “
“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 expected to be complete by the end of the month.
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