Logitech to Acquire ASTRO Gaming, Adding Console Gaming Headsets to its Position as the #1 Maker of PC Gaming Gear

SINGAPORE​, ​July 14, 2017 ​— ​Logitech International​(SIX: LOGN) (Nasdaq: LOGI) today announced that it
has agreed to acquire ​ASTRO Gaming​, a leading console gaming brand with a
history of producing award-winning headsets for professional gamers and
enthusiasts. ​Logitech and ASTRO, together, is the number one maker of
headsets, mice, keyboards and streaming webcams for PC and console gamers.

“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 of Logitech G​. “It’s a perfect complement to Logitech
G’s focus on PC gaming and we couldn’t be more excited; we love the team, the
brand and the products. Together, we want to make game play even more fun for
gamers everywhere.”

Jordan Reiss,
co-founder and president of ASTRO, added, “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. ASTRO’s brand strength combined with Logitech G’s unrivaled
technology and global distribution network is going to bring our products to
even more gamers around the world.”

ASTRO, is a pioneer in gaming audio and lifestyle products and
has a strong leadership position in the premium end of the global console
gaming headset market. ASTRO is best known for its iconic A40 and A50 headsets
designed for pro gamers and core enthusiasts. ASTRO’s recently introduced A10
expands the company’s reach in the console headset market, offering the essence
of what makes their headsets premium, but at a more broadly accessible price
point.

L​ogitech will purchase ASTRO for $85 million in cash, and the
acquisition is expected to close in early August. With the
addition of ASTRO, we’re investing in an adjacent gaming market — the console
gaming market — to help accelerate the long-term growth of our gaming business.
In FY 2018, we expect the acquisition of ASTRO to add approximately two points of
growth to the to​p line, and to be slightly
dilutive to the bottom line in the first year, as we integrate the business and
invest to expand ASTRO internationally.

Logitech designs
products that have an everyday place in people’s lives, connecting them to the
digital experiences they care about. More than 35 years ago, Logitech started
connecting people through computers, and now it’s a multi-brand company
designing products that bring people together through music, gaming, video and
computing. Brands of Logitech include ​Jaybird​, ​Logitech G​and ​Ultimate Ears​. Founded in 1981, and headquartered in
Lausanne, Switzerland, Logitech International is a Swiss public company listed
on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
Find Logitech at ​www.logitech.com​, the ​company blog​ or ​@Logitech​.

Logitech G, a brand of
Logitech International, is the global leader in PC gaming gear. Logitech G is
dedicated to providing gamers of all levels with industry leading keyboards,
mice, headsets, mousepads and simulation products such as wheels and flight
sticks – made possible through innovative design, advanced technologies and a
deep passion for gaming. Founded in 1981 and headquartered in Lausanne,
Switzerland, Logitech International is a Swiss public company listed on the SIX
Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech
G at www.LogitechG.com​, the ​company blog​or ​@LogitechG​.