The company has acquired the US-based company Jaybird for a total of US$50m in cash and an additional earn-out of up to US$45m. The earn-out is based on growth targets over the next two years. Jaybird produces fitness-focused wireless earbuds and the Reign fitness tracking wristband. The Reign is using Bluetooth to communicate data with an app for IOS or Android. According to Logitech’s management, the company is a leader in wireless audio wearables for sports and active lifestyles. The
15 Apr 2016
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Logitech International S.A. (LOGIN:MEX) | 0 0 0.0%
- Published:
15 Apr 2016 -
Author:
Heinz Steffen -
Pages:
2
The company has acquired the US-based company Jaybird for a total of US$50m in cash and an additional earn-out of up to US$45m. The earn-out is based on growth targets over the next two years. Jaybird produces fitness-focused wireless earbuds and the Reign fitness tracking wristband. The Reign is using Bluetooth to communicate data with an app for IOS or Android. According to Logitech’s management, the company is a leader in wireless audio wearables for sports and active lifestyles. The