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Zagg Acquires Battery Case Maker Mophie For $100 Million

PhilSynowiec

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This week Zagg announced that it acquired popular battery case maker Mophie for $100 million. Along with the lump sum of cash, the accessory giant has agreed to pay any EBITDA adjustments for the next year.

Via Zagg:
“This strategic combination of two industry innovators with complementary product, brand and distribution platforms will enable us to deliver increased value for our customers and shareholders,” said Randy Hales, President and Chief Executive Officer of ZAGG. “We see numerous opportunities to drive revenue growth and increase profitability by leveraging the strengths of both organizations to strengthen product development, improve brand presence, and expand distribution.”

Zagg of course makes plenty of smartphone/tablet cases, keyboards and other accessories, but the company is most known for its InvisibleShield screen protectors. Hopefully we'll be seeing some of those famous screen protectors packaged with Mophie Juice Box cases.
 
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