Logitech International S.A. (// LO-ji-tek; often shortened to Logi) is a Swiss manufacturer of computer peripherals and software, with headquarters in Lausanne, Switzerland and Newark, California. The company has offices throughout Europe, Asia, Oceania, and the Americas, and is one of the world's leading manufacturers of input and interface devices for personal computers (PCs) and other digital products. 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. Its name is derived from logiciel, the French word for software.
|Traded as||SIX: LOGN|
|Founded||2 October 1981Apples, Switzerlandin|
|Headquarters||Lausanne, Switzerland, Newark, California|
|Bracken Darrell (CEO)|
Wendy Becker (Chairman)
Nate Olmstead (CFO)
|Revenue||US$2.79 billion (FY 2019)|
|US$117.5 million(Q3 20)|
|Total assets||US$2.34 billion (Q3 20)|
|Total equity||US$1.29 billion (Q3 20)|
Number of employees
Logitech was founded in Apples, Vaud, Switzerland, in 1981 by Stanford alumni Daniel Borel and Pierluigi Zappacosta, and former Olivetti engineer Giacomo Marini. For a time during its formative years, Logitech's Silicon Valley offices occupied space at 165 University Avenue, Palo Alto, California, home to a number of noted technology startups.
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; 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 12 April 2016, Logitech announced that they had agreed to acquire Jaybird, a leader in wireless audio wearables for sports and active lifestyles, for US$50 million, with an additional earnout of up to US$45 million based on achievement of growth targets.
On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headset solutions), for US$85 million.
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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