Thursday, August 14, 2008

Logitech Buys Ultimate Ears

Fremont-based Logitech International said today that the firm has agreed to acquire Ultimate Ears, an Irvine, California-based firm which develops in-ear monitors for on-stage professional musicians. Logitech said it will pay $34M in cash for the firm. According to Logitech, the buy will expand the firm's portfolio of digital audio products. Logitech expects the acquisition to close this month.