Astro Gaming is no stranger to making stellar video game headsets for the market, including its line of A10, A40 and A50 headsets that are enjoyed by both casual fans and hardcore players. And now, it’s getting a big boost from the team at Logitech.
The product manufacturer has agreed to acquire Astro Gaming, adding to its growing line of peripherals and headsets on the market. “Logitech and Astro, together, is the number one maker of headsets, mice, keyboards and streaming webcams for PC and console gamers,” the team noted in a press release.
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“Astro is the leading player for premium console headsets and is the preferred headset for console esports athletes,” said Ujesh Desai, vice president and general manager of Logitech G. “It’s a perfect complement to Logitech G’s focus on PC gaming and we couldn’t be more excited; we love the team, the brand and the products. Together, we want to make game play even more fun for gamers everywhere.”
Jordan Reiss, co-founder and president of Astro, added, “The whole team at Astro has always held Logitech and Logitech G products in the highest regard, so I’m ecstatic we are joining forces. Astro’s brand strength combined with Logitech G’s unrivaled technology and global distribution network is going to bring our products to even more gamers around the world.”
“Logitech will purchase Astro for $85 million in cash, and the acquisition is expected to close in early August. With the addition of Astro, we’re investing in an adjacent gaming market — the console gaming market — to help accelerate the long-term growth of our gaming business. In FY 2018, we expect the acquisition of Astro to add approximately two points of growth to the top line, and to be slightly dilutive to the bottom line in the first year, as we integrate the business and invest to expand Astro internationally,” the company noted in a press statement.
Congrats to all the involved parties!
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