Logitech International could make much bigger deals than it has before to accele...
ZURICH - Logitech International could make much bigger deals than it has before to accelerate growth in areas such as controllers for players of blockbuster computer games like Fortnite, Chief Executive Bracken Darrell said on Wednesday.
“If you asked me five years ago would we look at anything large, I would have said no. If you roll forward we have done a lot of acquisitions and have tended to be quite good at them. Darrell declined to comment on why the deal fell through, although a source close to the company said at the time that price disagreements were the reason.
In the next three to five years Logitech believes its gaming category — which produces ultra-fast keyboards, mice and headsets for games like Fortnite and Apex Legends — could increase its annual sales to more than $1 billion from around $650 million at present.
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