Smartphone accessory maker Zagg has announced it is purchasing Mophie in a deal which is worth $100 million.
Zagg is well know for making screen protectors and cases for smartphones and Mophie is well known for making battery cases for smartphones.
Mophie are one of the most popular battery cases available, and the merger of the two companies will create a company with combined annual sales of $470 million.
“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.”
You can find out more details about the deal between Zagg and Mophie over at Zagg’s website and the link below.
Source Zagg
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