Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Logitech Acquires Intrigue Technologies
May 7, 2004
 Printable format
 Email this Article
 Search

Logitech International announced that it has purchased the maker of the Harmony Remote advanced remote controls -- privately held Intrigue Technologies of Canada -- for U.S. $29 million in cash, plus a possible performance-based payment, tied to reaching certain future remote control revenues.

Intrigue, which will remain in Mississauga, Ontario, Canada, is said to have pioneered an innovative solution to solve the household problem of too many complicated remote controls.

The acquisition of Intrigue is part of Logitech's strategy to expand its presence in the digital living room. Logitech said it plans to build on this momentum by combining its experience in control devices for the PC -- most notably, the computer mouse -- with Intrigue's expertise and technology, to become the leader in an emerging market category.

"This acquisition allows us to position Logitech at the convergence of consumer electronics and personal computing in the living room," said Guerrino De Luca, Logitech president and CEO.

"Logitech's personal interface products are the point of contact between people and the digital world, the 'last inch' -- in homes, in offices, and on the go," he continued. "Logitech intends to be the defining and leading provider of the last inch in the living room and in the digital, connected home. The acquisition of Intrigue comes at the right time and provides the right assets to help us firmly establish our leadership."

Logitech expects the acquisition of Intrigue Technologies to add $10 million to $20 million in sales during the current fiscal year, with an immaterial effect on operating income.

"Beyond FY 2005," said Mr. De Luca, "We expect the category of advanced remote controls to deliver strong profitable growth."

Back to Daily News

 

Daily News

...........................................................

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows