M&A Deal Summary

Logitech Acquires Saitek

On September 15, 2016, Logitech acquired technology hardware company Saitek from Mad Catz for 13M USD

Acquisition Highlights
  • This is Logitech’s 2nd transaction in the Technology Hardware sector.
  • This is Logitech’s 8th largest (disclosed) transaction.
  • This is Logitech’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-09-15
Target Saitek
Sector Technology Hardware
Buyer(s) Logitech
Sellers(s) Mad Catz
Deal Type Divestiture
Deal Value 13M USD

Target

Saitek

Bristol, United Kingdom
Saitek PLC is a designer and manufacturer of consumer electronics products which work together to improve the user’s multimedia, gaming and communications experiences. Saitek products includes mice, keyboards, headsets, PC gaming controllers, as well as other PC peripherals.

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Buyer(S) 1

Buyer

Logitech

Lausanne, Switzerland
Category Company
Founded 1981
Sector Technology Hardware
Employees8,200
Revenue 4.3B USD (2024)
DESCRIPTION

Logitech designs, manufactures, and markets cordless products for personal computers, gaming consoles, portable music players, and mobile phones. Logitech was founded in 1981 and is based in Lausanne, Switzerland.

DEAL STATS #
Overall 7 of 11
Sector (Technology Hardware) 2 of 3
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Jaybird

Salt Lake City, Utah, United States

Jaybird LLC is a provider of wireless audio wearables for sports and active lifestyles.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 AG Acquisition

San Francisco, California, United States

AG Acquisition Corp. (dba Astro Gaming) is a console gaming brand that provides video gaming headsets and other accessories for professional gamers and enthusiasts. Astro Gaming was founded in 2006 and is based in San Francisco, California.

Buy $85M

Seller(S) 1

SELLER

Mad Catz

San Diego, California, United States
Category Company
Founded 1989
Sector Technology Hardware
Employees151
Revenue 134M USD (2016)
DESCRIPTION

Mad Catz Interactive, Inc. is a provider of interactive entertainment products marketed under its Mad Catz® (gaming) and Tritton® (audio) brands. Mad Catz products cater to gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows PC and Mac® computers, smart phones, tablets and other smart devices. Mad Catz Interactive was established in 1989 and is based in San Diego, California.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 TRITTON Technologies

San Diego, California, United States

TRITTON Technologies, Inc. is a provider of gaming audio headsets, high-performance multimedia consumer electronics and computer peripherals. TRITTON was established in 2000 and is headquartered in San Diego, California.

Buy $1M
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