First there was criticism, then it was suspiciously quiet and now the Berlin 360 °…
Logitech is reportedly planning Plantronic’s acquisition
According to information, the Swiss company Logitech is about to acquire the US headset specialist Plantronics. For this one should have bid $ 2.2 billion. Negotiations are currently underway between the two companies, which are expected to close next week, reports Reuters, citing statements from stakeholders.
Logitech’s offering would be well above Plantronics’ current market capitalization of approximately $ 2 billion, Reuters writes. Logitech has become well-known as a provider of keyboards, mice and webcams. In addition, the Swiss Group also has products for the professional sector, such as videoconferencing systems in its portfolio. Already in 2016, Logitech bought the flight stick specialist Saitek for 13 million US dollars.
Plantronics is a major manufacturer of Bluetooth and DECT headsets, offering products for home and business users. The acquisition of Plantronics would be Logitech’s most expensive purchase. The Plantronics share increased in New York stock trading after the announcement on Friday about 5 percent. Logitech’s market capitalization currently stands at approximately $ 5.6 billion.
The acquisition would not only extend Logitech’s product offering to Plantronics’, but Reuters said both companies are already facing cost-cutting measures against US President Trump’s impending tightening of tariffs on imports from China, which would primarily affect consumer electronics products.