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Old 15-08-08   #1
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Logitech to Acquire Ultimate Ears, Leader in In-Ear Monitors and Consumer Earphones

Logitech to Acquire Ultimate Ears, Leader in In-Ear Monitors and Consumer Earphones .

Logitech International today announced that the company has agreed to acquire privately held Ultimate Ears, of Irvine, Calif., for $34 million in cash.

The long-established leader in custom in-ear monitors for on-stage professional musicians and sound engineers, Ultimate Ears has over the last few years expanded its product line to include a range of acclaimed in-ear consumer earphones for portable music enthusiasts, including users of iPhone, iPod and other MP3 players. The acquisition is subject to customary closing conditions and is expected to close in August.
The acquisition of Ultimate Ears allows Logitech to expand its portfolio of digital audio products, providing more options for portable music listening. The company already offers a line of digital music speaker systems for in the home and on the go. Logitech is also a leading worldwide provider of speakers and headphones for PCs. And the company recently introduced a portable wireless speaker product for listening to music stored on Bluetooth mobile phones.

"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. Logitech's success has been built on using a deep understanding of our customers to create innovative products that let people immerse themselves in their pursuits - whether they are listening to music, gaming, watching a video or otherwise enjoying their digital lifestyle. We look forward to using our worldwide distribution network and operational efficiencies to help more people discover this superior listening experience."

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Old 16-08-08   #2
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Re: Logitech to Acquire Ultimate Ears, Leader in In-Ear Monitors and Consumer Earphon

Wow ! Thats news. Now we will get something from Logitech that sounds good !
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