Logitech International S.A. (// LOJ-ih-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 three geographic regions: Americas, Europe, Middle East and 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 August 2008, Logitech acquired Ultimate Ears, supplier of custom in-ear monitors for professional musicians and Bluetooth speakers for the consumer market.
In December 2008, Logitech announced that it had manufactured one billion mice since 1985.
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 August 11, 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headset solutions), for US$85 million in cash.
On August 19, 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.
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 G gaming products. Called Logicool G in Japan.
- Ultimate Ears (UE) - in-ear monitors, wireless Bluetooth Speakers and universal-fit earphones
- Jaybird for 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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- "Logitech investors FAQ". logitech.com. Archived from the original on 9 July 2015.
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- Peter Day, BBC . "165 University Ave: Silicon Valley's 'lucky building'." Aug 27, 2010. Retrieved Dec 8, 2016.
- Techspot 13 July 2007. Logitech's MX Air Mouse with freespace motion control
- Popular Mechanics 1 October 2009. Logitech's MX Air Cordless Laser Mouse: Best Pointer We've Tried (with Video).
- Frucci, Adam. "Logitech Buys Ultimate Ears for $34 Million". Gizmodo. Retrieved 2016-12-12.
- By Michael Brown, Tom's Hardware. "Logitech Ships its One Billionth Mouse." 5 December 2008. Retrieved 16 May 2014.
- "Logitech Acquires Mirial – MarketWatch". marketwatch.com. 2011. Retrieved 2 August 2011.
- "Logitech selects Bracken Darrell as president right now, next CEO in 2013". Engadget. Retrieved 2016-12-12.
- Tess Stynes, The Wall Street Journal. “Logitech Agrees to Pay $7.5 Million Penalty Tied to Accounting Issues.” April 19, 2016. April 22, 2016.
- "Logitech acquires Saitek Simulation product line from Mad Catz". Logitech. Retrieved 2016-09-16.
- Chen, Sam. "Logitech Acquires Astro Gaming for $85 Million Establishing Itself in the Console Gaming Space". Custom PC Review. Retrieved 2017-07-11.
- Lawler, Richard (2018-07-30). "Blue Microphones sells to Logitech for $117 million". Engadget. Oath Inc. Retrieved 2018-07-30.
- "Introducing Logitech's Most Advanced Ergonomic Mouse – MX VERTICAL | logi BLOG". blog.logitech.com. Retrieved 2018-08-20.
- "Logitech Debuts New MX Vertical Ergonomic Mouse". Retrieved 2018-08-20.
- "Logitech's MX Vertical turns the company's best mouse on its head". The Verge. Retrieved 2018-08-20.
- "How Logitech Protects Its Manufacturing Secrets in China". Bloomberg News. 2013-10-02. Retrieved 2018-04-28.