Logitech, the producer finest identified for its computing peripherals like keyboards and net 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 largest acquisition so far.
Driving the consolidation push is an effort by each firms to chop prices as tariffs on imports from China might eat into their margins or drive them to lift costs for shoppers in opposition to a backdrop of accelerating competitors from a variety of completely different distributors.
Reuters is reporting that the deal between the 2 firms may very well 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 Change.
Each Logitech and Plantronics have been energetic acquirers prior to now yr. Most lately, Logitech acquired the Blue Microphone enterprise, which made fashionable podcasting microphones just like the Yeti and Snowball.
In the meantime Santa Cruz, Calif.-based Plantronics purchased Polycom in a $2 billion transaction earlier this yr. The corporate, which began out making headsets for airline pilots and later offered tools to the Nationwide Aeronautics and Area Administration, has struggled with low-cost rivals and new entrants into the headset market (like Apple).