Logitech International today announced that the company has agreed to
acquire privately held Ultimate Ears for $34 million in cash.
The long-established leader in custom in-ear monitors for on-stage
professional musicians and sound engineers, Ultimate Ears has over the last
few years expanded its product line to include a range of acclaimed in-ear
consumer earphones for portable music enthusiasts, including users of
iPhone, iPod and other MP3 players.
The acquisition is subject to customary closing conditions and is expected
to close in August.
The acquisition of Ultimate Ears allows Logitech to expand its portfolio of
digital audio products, providing more options for portable music listening.
The company already offers a line of digital music speaker systems for in
the home and on the go. Logitech is also a leading worldwide provider of
speakers and headphones for PCs. And the company recently introduced a
portable wireless speaker product for listening to music stored on Bluetooth
"Ultimate Ears is a perfect fit for Logitech and our audio business," says
Gerald P Quindlen, Logitech president and chief executive officer. "Since
its inception, Ultimate Ears has been driven by innovation, close ties to
its customers, and the desire to enable an immersive audio experience.
"Logitech's success has been built on using a deep understanding of our
customers to create innovative products that let people immerse themselves
in their pursuits – whether they are listening to music, gaming, watching a
video or otherwise enjoying their digital lifestyle. We look forward to
using our worldwide distribution network and operational efficiencies to
help more people discover this superior listening experience."
Ultimate Ears has a loyal following of touring musicians, sound engineers
and mainstream music lovers, due to the sound quality and comfortable fit of
the company's earphones. The company was founded in 1995 to address the
sound-monitoring needs of on-stage rock musicians, developing the first
high-performance two-way, custom in-ear stage monitors.
An estimated 75% of today's top touring rock musicians now use the Ultimate
Ears custom-fit in-ear monitor while performing. Since 2005, using patented,
proprietary technology, Ultimate Ears has expanded its product line with
universal-fit earphones for audiophiles as well as mainstream music
"The iPod and iPhone have made it possible for each of us to have a portable
and personal music-listening experience," says Junien Labrousse, executive
vice-president of Logitech's Products Group. "But for a truly immersive
listening experience, you need an earphone with a comfortable fit that keeps
out the background noise and lets you hear music as the artists intended,
which is precisely what Ultimate Ears has mastered."