Maria Montero

Logitech acquires Bluetooth, manufacturer of Plantronics gaming headphones: Report

Logitech International SA, a Swiss manufacturer of keyboards and webcams, is in talks to acquire Plantronics Inc, an American manufacturer of Bluetooth headsets and gaming headsets, people familiar with the matter said Friday.

The agreement will be by far the largest acquisition of Logitech and will illustrate the company's momentum to diversify its business. It will come when Logitech and Plantronics try to keep manufacturing costs down after the introduction of import tariffs from China to the United States.

Logitech has offered more than $ 2.2 billion to acquire Plantronics, said one of the sources. At the end of Friday's operations, Plantronics had a market capitalization of approximately $ 2 billion.

If the negotiations are successful, an agreement between Logitech and Plantronics could arrive next week, the sources said, warning that it was also possible that an agreement could not be reached.

The sources asked not to be identified because the negotiations are confidential. Plantronics declined to comment, while Logitech did not respond to a request for comment.

Shares of Plantronics rose 5.6 percent to $ 56.50 in the news after trading hours in New York on Friday.

Logitech and Plantonics' businesses have been under pressure as a result of the development of new offers, not only from network equipment manufacturers such as Cisco Systems Inc., but also from major technology companies such as Microsoft Inc. and Google owner Alphabet Inc.

Founded in 1981, Logitech has offset the decline in personal computer sales by focusing on consumer accessories that benefit from the growth of cloud computing, such as games, music, smart home connectivity and video conferencing. The Lausanne-based company has a market capitalization of $ 5.6 billion.

Last year, Logitech acquired ASTRO Gaming for $ 85 million in cash to expand in the video game sector.

Plantronics, based in Santa Cruz, California, manufactures unified communications systems, wireless headphones, conference systems and some programs that it sells to businesses and consumers.

Founded in 1961, the first Plantronics products were lightweight headphones for airline pilots. Later he became known for selling headphones to the National Aeronautics and Space Administration (NASA), including those worn by Neil Armstrong during his first moonwalk in 1969.

The sale of Plantronics will come after the acquisition of the company for $ 2 billion in July from the US manufacturer of videoconferencing equipment Polycom Inc.

Private equity firm Siris Capital Group LLC owns 16 percent of Plantronics, which makes it its largest shareholder. Reuters had informed earlier this month that Plantronics was exploring a sale.