The Plantronics RIG Flex Plantronics

Swiss hardware manufacturer Logitech is reportedly in talks to acquire U.S. based headphone maker Plantronics in a deal that would mark its largest acquisition till date if proceeded as reported. Reuters broke this report earlier this Friday stating of Logitech having offered over $2.2 billion to purchase Plantronics currently valued at around $2 billion on the New York Stock Exchange.

As per Reuters, a deal could come as early as next week if negotiations prove successful while also noting of a possibility of no agreement being reached in the end. Logitech has made 2 acquisitions this year already nabbing Beyond Entertainment for an undisclosed price in May and Blue Microphones for $117 million in July.

Plantronics completed an acquisition of communication technology developer Polycom this July for $2 billion; a move aimed for capturing of additional opportunities across the $39.9B Unified Communications and Collaboration industry. The company also declared net revenues of $856.9 million for its fiscal 2018 year.

Logitech and Plantronics face increasing competition from various network gear makers, new entrants and also tech giants like Microsoft and Alphabet. Acquisitions like this would help the Swiss based maker keep up in the hardware market where it has made quite a run through focus on consumer accessories benefiting from cloud computing growth including video conferencing, music, smart home devices and gaming.