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Logitech (LOGI) Acquires Saitek from Mad Catz (MCZ)

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Logitech Acquires Saitek Simulation Product Line from Mad Catz

September 15, 2016 5:30 PM EDT

LAUSANNE, Switzerland & NEWARK, Calif.--(BUSINESS WIRE)-- Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it has acquired Mad Catz Interactive Inc.s (NYSE MKT: MCZ) Saitek® brand and the Saitek line of flight and space simulation game controller assets for $13 million in cash.

Ujesh Desai, vice president and general manager of gaming at... More