Logitech International (SIX:LOGN) (Nasdaq: LOGI) today announced that it has agreed to acquire Jaybird LLC of Salt LakeCity, Utah, for approximately $50 million in cash, with an additional earnoutof up to $45 million based on achievement of growth targets over the next two years. Jaybird is a leader in wireless audio wearables for sports and active lifestyles, a category the company created in 2008.

“Logitech and Jaybird share a passion for products,” said Bracken Darrell, Logitech presidentand chief executive officer. “We’re impressed by the technology, products and marketing Jaybird has brought to this business. As one team, we can address the fastgrowing wireless audio wearables market with all the advantages of Jaybird’s strong brand and sports expertise, and our combined audio engineering and design capabilities. With both the Ultimate Ears andJaybird brands in our portfolio, we are expanding the longterm growth potential of our music business.”

Judd Armstrong, founder and chief executive officer of Jaybird, said, “It has been an incredible journey. We love what we do, and we’re stoked to continue to innovate and bring amazing newproducts to our fans. Jaybird will benefit from Logitech’s global distribution network and deep engineering prowess. We’ve watched as they’ve connected incredible products with passionate consumers under the UE brand, and we’re thrilled to be part of the team.”

Judd Armstrong, founder and chief executive officer of Jaybird, said, “It has been an incredible journey. We love what we do, and we’re stoked to continue to innovate and bring amazing new products to our fans. Jaybird will benefit from Logitech’s global distribution network and deep engineering prowess. We’ve watched as they’ve connected incredible products with passionate consumers under the UE brand, and we’re thrilled to be part of the team.”

Every aspect of the Logitech G610 Orion Brown and the Logitech G610 Orion Red – from the simplest details, such as fingerprint-masking matte texture and a durable braided cable, to the most complex details, including advanced bright white LED key backlighting – is precisely engineered. The result is industry-leading technology and quality of construction in a uniquely crafted design.

Logitech does not expect the acquisition to materially impact its FY 2017 guidance, recently shared at the company’s Analyst and Investor Day in March. The acquisition is subject to customary closing conditions and is expected to close in the coming weeks.Jaybird was provided financial advice exclusively by Stifel throughout the acquisition process.