Logitech International S.A. (// LAW-jih-tek) is a Swiss provider of personal computer and mobile peripherals, with its headquarters in Lausanne, Switzerland and administrative headquarters in Newark, California. In addition to its Swiss and American facilities, the company has offices throughout Europe, Asia and the rest of the Americas. Logitech's sales and marketing activities are organized into four geographic regions: Americas, Europe, Middle East & Africa, and Asia Pacific.
Logitech's headquarters in Lausanne, Switzerland
|Traded as||SIX: LOGN|
|Founded||2 October 1981Apples, Switzerlandin|
Newark, California, USA
|Guerrino De Luca (Chairman)|
Bracken Darrell (CEO)
|Revenue||US$2.57 billion (2018)|
|US$74 million (2014)|
|Total assets||US$1.5 billion (2013)|
|Total equity||US$0.7 billion (2013)|
Number of employees
The company develops and markets personal peripherals for PC navigation, video communication and collaboration, music and smart homes. This includes products like keyboards, mice, tablet accessories, webcams, Bluetooth speakers, universal remotes and more.
The name Logitech is derived from the French word for software, "logiciel". In Japan, Logitech was established as Logicool to avoid conflict with the Logitec brand.
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In December 2008, Logitech announced that it had manufactured one billion mice since 1985.
In December 2009, Logitech acquired video conferencing equipment maker Lifesize Communications.
In January 2013, Bracken Darrell became Logitech’s chief executive officer and then CEO Guerrino De Luca continued as Logitech’s chairman of the board.
In April 2016, Logitech agreed to pay US$7.5 million penalty related to accusations that it and some former executives improperly inflated the company's results for its 2011 fiscal year to meet guidance and other accounting violations. The U.S. Securities and Exchange Commission said the alleged accounting issues left investors without an accurate view of the Swiss-U.S. company's finances.
On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headset solutions), for US$85 million in cash.
On 19 August 2018, Logitech announced the launch of their most advanced Ergonomic Mouse called "MX Vertical". It features a vertical angle of 57 degrees, It also comes with a USB-C charging port. The product shipped for sales in September 2018.
Logitech acquired Streamlabs, a platform for tools to help streamers with monetization, in September 2019, for about US$89 million with an option of US$29 million in stock for meeting future performance metrics.
Production facilities were then established in the United States, Taiwan, Hungary and Ireland before being moved to Suzhou, China. As of 2005[update], the manufacturing operations in China produce approximately half of Logitech's products. The remaining production is outsourced to contract manufacturers and original design manufacturers in Asia.
Logitech product linesEdit
- Logitech – Worldwide (except in Japan, where it is known as Logicool) for PC peripherals, remote controls, security cameras, mice, keyboards, webcams, computer speakers, and accessories for smart phones and tablet keyboards and covers
- Logitech video collaboration, including all B2B video conferencing equipment
- Logitech MX - computer accessories (mice)
- Logitech C - computer webcams (cameras)
- Logitech G - gaming products. Called Logicool G in Japan.
- Ultimate Ears - in-ear monitors, wireless Bluetooth Speakers and universal-fit earphones
- Jaybird - wireless bluetooth sport earbuds.
- Slim Devices - audio brand
- Saitek - purchased on 15 September 2016, from Mad Catz
- Logitech Harmony - programmable remote controls
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