Logitech to Acquire Blue Microphones

Logitech has announced plans to acquire Blue Microphones, based in Southern California, for approximately $117 million in cash, assuming breakeven net working capital at close.The Blue Microphones acquisition is a new adjacent opportunity for Logitech, consistent with the Company’s approach to M&A. The transaction is expected to close by the end of August 2018.

Blue CEO John Maier says, “With Logitech’s vast resources and incredible reach, Blue will be on a much bigger stage from the beginning. The end result is fulfilling our ultimate purpose – helping as many of our users find and amplify their voice as we can!”