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TMCNet:  LifeSize Communications acquired by Logitech

[December 15, 2009]

LifeSize Communications acquired by Logitech

Dec 15, 2009 (M2 EQUITYBITES via COMTEX) -- Swiss peripherals manufacturer Logitech International (SIX:LOGN) (Nasdaq:LOGI) reported on Monday that it has completed its acquisition of LifeSize Communications.

The US-based provider of high definition (HD) video communication solutions was purchased for USD405m in cash.

Logitech expects this acquisition to enhance its position in the market for video communication, building on the two companies' combined strengths in high-definition, high-quality webcams, ease of use and interoperability.

"Together we can make life-like, HD-quality video communication mainstream," said Gerald P. Quindlen, Logitech president and CEO.



The deal is expected to be neutral to slightly accretive to Logitech's operating profit in its fiscal year 2011.

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