Logitech has announced plans to acquire earphone maker Ultimate Ears for $34 million. Currently, the computer peripheral giant only makes over-the-ear headsets.

The deal is valued at US$34 million in cash, and is expected to close by the end of August.

Logitech manufactures a wide range of computer peripherals -- game controllers, keyboards, mice, speakers and headphones, remote controls, and other devices. Ultimate Ears specializes in in-ear earphones for both consumers and professionals.

Logitech's acquisition of Ultimate Ears gives the company a foothold in the in-ear canal earphone business; up until now, the company has focused on over-the-ear headsets used for Voice over IP (VoIP) and Internet gaming, and some Bluetooth-based audio gear.