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Logitech Puts Kibosh On Remote Sale

6/20/2013 05:42:00 AM Eastern

Newark, Calif. — Logitech no longer plans to sell off its remote-control business, the company announced.

It said in a statement: “The company has determined that retaining ownership is in the best interest of its shareholders. The Harmony product line has gained momentum following the April introduction of the Harmony Ultimate product, which is available in major retail locations including select Apple stores in the U.S., and has exceeded the company’s expectations for customer connections.”

Logitech also announced it would be selling its Ultimate Hub “appcessory” separately for a $99.99 suggested retail in August. The Ultimate Hub was first debuted as part of its newest Harmony remote packages in April.

When asked if Logitech still plans to sell off its video-security division, a company spokeswoman said, “Our plans have not changed with regard to digital video security. But we have no update at this time.”

 

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