 "Logitech to acquire gaming console brand ASTRO for $85 mn in all-cash deal")
Global computer and mobile accessories manufacturer Logitech on Wednesday announced acquisition of US-based gaming console brand ASTRO Gaming for an all-cash deal of $85 million.
The acquisition is aimed at accelerating long-term growth of the company's gaming business in the console gaming market.
"ASTRO is the leading player for premium console headsets and is the preferred headset for console e-sports athletes," said Ujesh Desai, Vice-President and General Manager, Logitech G, in a statement.
"It's a perfect complement to Logitech G's focus on PC gaming and we couldn't be more excited," Desai added.
ASTRO is known for its "A40" and "A50" headsets designed for pro-gamers and core enthusiasts.
Logitech and ASTRO will manufacturer headsets, mice, keyboards and streaming webcams for PC and console gamers.
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"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," said Jordan Reiss, co-Founder and President, ASTRO Gaming.
The deal is expected to close in early August.
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