Logitech to acquire Ultimate Ears

Logitech on Thursday announced plans to acquire Ultimate Ears, the maker of in-ear monitors and consumer earphones. The deal is valued at $34 million in cash, and is expected to close by the end of August.

Logitech manufactures a wide range of computer peripherals — game controllers, keyboards, mice, speakers and headphones, remote controls, and other devices. Ultimate Ears specializes in in-ear earphones for both consumers and professionals.

Logitech’s acquisition of Ultimate Ears gives the company a foothold in the in-ear canal earphone business; up until now, the company has focused on over-the-ear headsets used for Voice over IP (VoIP) and Internet gaming, and some Bluetooth-based audio gear.

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