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Logitech history
Logitech company history timeline
Logitech was founded in Apples, Vaud, Switzerland, in 1981 by Stanford alumni Daniel Borel and Pierluigi Zappacosta, and former Olivetti engineer Giacomo Marini.
1982: The company introduces its first mouse, the P-4.
Logitech also would find a new boost as an OEM. In 1984 the company was contracted by Hewlett-Packard (HP) to produce mice for that company's computer systems.
By then Logitech had moved into the retail channel, with the launch of its C7 mouse in December 1985.
In 1988, when revenues had reached $40 million, Logitech incorporated under the name Logitech International S.A., listing its shares on the Bourse de Zurich through an initial public offering.
In 1988 the company produced its first non-mouse peripheral, a handheld scanner.
A 1990 deal gave the company a share of Canada's Advanced Gravis, a maker of joysticks as well as pointing devices, including a Mouse Stick, for the variety of computer systems available at the time--including the Amiga, Atari, Tandy, and other systems.
A 1991 joint venture agreement brought the company to mainland China, reinforcing its manufacturing position, while also bringing additional funding from both the Chinese government and from Hong Kong.
In 1991 Logitech increased its share in Advanced Gravis to 58 percent, giving Logitech seats on Advanced Gravis's board of directors.
1991: Logitech introduces the first radio-based cordless mouse.
The company would acquire full ownership of Gazelle in 1993, giving Logitech control of Gazelle's innovative trackball technology, which soon would become an important feature of the growing portable computer market.
The center of manufacturing was now in Suzhou, China, where Logitech had opened a manufacturing facility in 1994.
Logitech, which had posted revenues of more than US$300 million in 1994, also was facing new competition in its core product line--and from the most fearsome competitor of all.
The company's financial troubles, exacerbated by an extended economic crisis both in the United States and in Europe, forced Logitech to reorganize its operations in 1995.
Logitech's restructuring would cost the company some $20 million in 1995.
By 1996, however, the company had once again been restored to profitability in time to celebrate the production of its 100 millionth mouse.
1997: Logitech gains a listing on the NASDAQ and divests its scanner business.
Logitech later, in 1998, acquired a 49 percent equity stake in Space Control.
In 1998, however, Borel retired to the position of company chairman.
Logitech continued to make revenue advancement, topping the US$400 million mark for 1998.
In early 1999 Logitech also debuted several new products, including its next-generation mouse designs, such as the Gaming Mouse, developed specifically for computer strategy and FPS (first-person shooter) games.
Revenues surged 31 percent for the year ending in March 2000, hitting $615.7 million, while net income jumped 73 percent, to $30 million.
Logitech pioneered another new iteration of the mouse in 2001, introducing the Cordless MouseMan Optical, the first cordless optical mouse.
By 2001, 80 percent of revenues were coming from the retail side.
In 2001, Logitech acquired Labtec for $150 million in order to expand its range of computer peripherals.
By the fiscal year ending in March 2004, Logitech had enjoyed a remarkable string of success during a down period for the personal computer industry.
Later in 2004 Logitech announced plans to build a new factory in Suzhou, China, with an initial capacity increase of 30 percent, and it also introduced the world's first laser cordless mouse.
In 2007, Logitech licensed Hillcrest Labs' Freespace motion control technology to produce the MX Air Mouse, which allows a user to use natural gestures to control a PC.
In August 2008, Logitech acquired Ultimate Ears, supplier of custom in-ear monitors for professional musicians and Bluetooth speakers for the consumer market.
In December 2009, Logitech acquired video conferencing equipment maker Lifesize Communications.
In July 2011, Logitech acquired the mobile visual communications provider Mirial.
In January 2013, Bracken Darrell became Logitech's chief executive officer; then-CEO Guerrino De Luca continued as Logitech's chairman of the board.
On 15 September 2016, Logitech announced that they had purchased the Saitek brand and assets from Mad Catz for US$13 million.
2016 – Launch of the Precision Lapping & Polishing System – the PM6
On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headsets), for US$85 million.
On 30 July 2018, Logitech announced that they had purchased Blue Microphones for US$117 million.
On 26 September 2019, Logitech acquired Streamlabs, producer of software and tools for live-streaming, for approximately $89 million.
On 29 July 2021, Logitech, in collaboration with choreographer JaQuel Knight, introduced its #Creators4BIPOC initiative under the Logitech For Creators brand.
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Zippia gives an in-depth look into the details of Logitech, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Logitech. The employee data is based on information from people who have self-reported their past or current employments at Logitech. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Logitech. The data presented on this page does not represent the view of Logitech and its employees or that of Zippia.
Logitech may also be known as or be related to Logitech, Logitech (streaming Media) Inc., Logitech Europe S.A., Logitech Inc, Logitech Inc. and Logitech OOO.