LOGITECH ACQUIRES SAITEK SIMULATION PRODUCT LINE FROM MAD CATZ
Thursday, September 15, 2016 2:30 pm PDT
LAUSANNE, Switzerland & NEWARK, Calif.--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it has acquired Mad Catz Interactive Inc.’s (NYSE MKT: MCZ) Saitek® brand and the Saitek line of flight and space simulation game controller assets for $13 million in cash.
Ujesh Desai, vice president and general manager of gaming at Logitech said: “We’re pleased with this tuck-in acquisition of the Saitek product portfolio. The Saitek product line complements our market-leading portfolio of Logitech G gaming products, including simulation products like our G29 and G920 Driving Force steering wheels, and expands our leadership position at a very exciting time for gaming.”
This asset acquisition is not considered material to Logitech’s quarterly or full-year financial results.
Logitech Acquires Saitek From MadCatz!
- Duke
- Dukester Maldonado
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Logitech Acquires Saitek From MadCatz!
Dukester
norbs diplomacy lesson 101: "If I was putting words in your mouth, you'd know."
norbs diplomacy lesson 101: "If I was putting words in your mouth, you'd know."
- wobblysauce
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Re: Logitech Acquires Saitek From MadCatz!
New HOTAS anybody?
Some play it safe on the merry-go-round, others go for the thrills of the roller-coaster.
ᕙ༼ຈل͜ຈ༽ᕗ vs ლ(ಠ益ಠ)ლ
I have a joke for you. I have a prediction that you are going to walk into a bar, my prediction was wrong and your wallet is gone.
ᕙ༼ຈل͜ຈ༽ᕗ vs ლ(ಠ益ಠ)ლ
I have a joke for you. I have a prediction that you are going to walk into a bar, my prediction was wrong and your wallet is gone.
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Re: Logitech Acquires Saitek From MadCatz!
Meh..CH products FTW!