Logitech, the producer greatest recognized for its computing peripherals like keyboards and internet cameras, is in talks to purchase Plantronics, a maker of bluetooth-enabled headsets, in keeping with Reuters.
The corporate is reportedly providing as a lot as $2.2 billion for Plantronics, in keeping with the Reuters report, in what could be Logitech’s greatest acquisition to this point.
Driving the consolidation push is an effort by each firms to chop prices as tariffs on imports from China may eat into their margins or pressure them to lift costs for customers towards a backdrop of accelerating competitors from quite a few totally different distributors.
Reuters is reporting that the deal between the 2 firms could possibly be finalized as early as subsequent week.
We’ve reached out to each Logitech and Plantronics for remark and can replace this story once we hear again.
Information of the deal despatched Plantronics shares up in after hours buying and selling on the New York Inventory Trade.
Each Logitech and Plantronics have been energetic acquirers prior to now 12 months. Most not too long ago, Logitech acquired the Blue Microphone enterprise, which made in style podcasting microphones just like the Yeti and Snowball.
In the meantime Santa Cruz, Calif.-based Plantronics had purchased Polycom in a $2 billion transaction earlier this 12 months. The corporate, which began out making headsets for airline pilots and later offered tools to the Nationwide Aeronautics and House Administration, has struggled with low-cost rivals and new entrants into the headset market (like Apple).