Logitech International Completes Acquisition of ASTRO Gaming

August 14, 2017

Logitech International S.A said Monday it has closed its acquisition of console gaming brand ASTRO Gaming. Under the terms of the deal, which was first announced in July, Logitech will purchase ASTRO for $85 million in cash. The company said the ASTRO investment is part of its strategy to invest in the adjacent gaming market of console gaming to help accelerate the long-term growth of its gaming business.

Logitech said it expects the acquisition to add approximately two points of growth to the top line in fiscal year 2018, and to be slightly dilutive to the bottom line in the first year.

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By Stephen Holmes

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