Who Owns Logitech?

Daniel Borel and Pierluigi Zappacosta, two engineering students who met at Stanford, founded Logitech in 1981 in the Swiss village of Apples, near Lausanne, together with Giacomo Marini. The company began writing software but pivoted quickly to hardware, winning a contract to build mice for a Swiss watchmaker and then becoming an early OEM supplier of computer mice.

Logitech's big break came as the personal computer GUI era took off. It supplied mice to IBM, Compaq, and Apple, and launched its own retail products in the late 1980s. It went public on the Zurich exchange in 1988 and became the first mouse maker to ship 100 million units in 1996, a number that passed one billion by 2008.

Through the 1990s and 2000s the company expanded from mice into keyboards, webcams, speakers, and game controllers, largely through acquisitions. It bought webcam maker Connectix's video business in 1998, speaker brand Labtec in 2001, Ultimate Ears in 2008, Jaybird in 2016, Astro Gaming in 2017, and Blue Microphones in 2018.

CEO Bracken Darrell, who ran the company from 2013 to 2023, steered Logitech toward design-led premium products such as the MX Master mouse and MX Keys keyboard, plus the Logitech G gaming line, which became the company's largest category. The pandemic produced record results as remote work and gaming surged, followed by a two-year demand hangover.

Hanneke Faber took over as CEO in December 2023. Fiscal 2026, ended March 31, 2026, showed the recovery firmly established: sales of $4.84 billion, up 6 percent, GAAP operating income of $775 million, net income of $711 million, and a record operating margin outside the pandemic years.