Logitech, the producer greatest identified for its computing peripherals like keyboards and internet cameras, is in talks to purchase Plantronics, a maker of bluetooth-enabled headsets, according to 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 thus far.
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 power them to lift costs for customers towards a backdrop of accelerating competitors from a variety of totally different distributors.
Reuters is reporting that the deal between the 2 firms might be finalized as early as subsequent week.
We’ve reached out to each Logitech and Plantronics for remark and can replace this story after 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 up to now 12 months. Most just lately, Logitech acquired the Blue Microphone business, which made well-liked podcasting microphones just like the Yeti and Snowball.
In the meantime Santa Cruz, Calif.-based Plantronics had bought 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).