Although earphones are no stranger to Logitech, the company has announced it’s aquiring US-based company Ultimate Ears, a market leader in custom in-ear monitors for on-stage musicians and iPod or iPhone consumers. The $34 million price tag is fairly reasonable, as it gives Logitech the abillity to strongly penetrate the mp3 players niche with quality in-ear earbuds, and to expand its portfolio of digital audio products. The acquisition is subject to customary closing conditions and is expected to close in August.

[via Ultimate Ears]

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Nir Shein

Internet freak and technology geek; Aspiring screenwriter, devoted tech blogger & Technologer chief editor . Early adopter with a keen interest in gadgets, technology, internet and mobile.