Logitech announced today that they have purchased Saitek from Mad Catz today for $13 million in cash. Logitech’s purchase gives them ownership of both the Saitek brand and the full line of flight and space simulation controllers.
Ujesh Desai, the vice president and general manager of gaming at Logitech said “We’re pleased with this tuck-in acquisition of the Saitek product portfolio. The Saitek product line complements our market-leading portfolio of Logitech G gaming products, including simulation products like our G29 and G920 Driving Force steering wheels, and expands our leadership position at a very exciting time for gaming.” It is not entirely clear if Logitech will be keeping the Saitek brand as is, folding it into Logitech’s existing G gaming brand, or some combination of the two.
The sale is quite a large loss for Mad Catz, as they purchased Saitek back in 2007 for $30 million. Mad Catz’ sale of Saitek follows a major reboot of Mad Catz’s RAT line of gaming mice, which hints that Mad Catz is making a serious attempt to refocus itself in the gaming peripheral market.Related Articles for this post below: