Logitech has agreed to acquire Streamlabs, a leader in software and tools for live streaming.

Streamlabs's sofwtare allows game streamers to engage with viewers, grow their brands and channels, and monetize their broadcasts across platforms like Twitch, YouTube, Mixer and Facebook.

Ujesh Desai, general manager and vice president of Logitech G, commented: “We’ve been fans of Streamlabs and their software since we started partnering with them over two years ago. Their industry-leading software is complementary to our existing gaming portfolio, and we believe we can do even greater things together.”

Logitech has agreed to acquire Streamlabs for approximately $89 million in cash, with an additional payment of $29 million in Logitech stock subject to the achievement of significant revenue growth targets for Streamlabs.

Following the acquisition, Logitech will continue to support multiple platforms, all hardware and software services that the company supports today. The company's tools will remain free and open.

The deal is subject to customary closing conditions and is expected to close in the coming weeks.