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Logitech Will Stick With Harmony Division

June 21, 2013
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Logitech said Thursday that it will back away from plans to sell off its Harmony remote product division. The announcement came as Logitech announced the new Harmony Ultimate Hub product.

"The company has determined that retaining ownership is in the best interest of its shareholders," the company said in a statement. "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."

The Harmony Ultimate Hub product, part of that line, is an "appcessory" for consolidating all remote controls in one smartphone-based hub. It will arrive in August at an MSRP of $99.99.

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