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Zagg buys battery case maker Mophie for $100M

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Zagg, best known for its InvisibleShield line of protective display coverings, on Tuesday announced plans to purchase iPhone battery case maker Mophie in a deal worth at least $100 million.

Both companies signed a definitive agreement to combine their respective assets in a merger that will see Zagg pay out $100 million at closing. That sum could grow if adjusted earnings exceed the $100 million mark during an earn-out period from April 1, 2016 to March 31, 2017.

"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 CEO 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."

As part of the deal, Zagg hopes to gain access to Mophie's production resources in China, improve collective brand strength and widen its global distribution network. The merger should prove lucrative for both companies, as each has cut out a niche in their respective accessory submarkets. Zagg plays to device protection and dabbles in peripherals like keyboards and audio equipment, while Mophie is an established manufacturer of portable batteries and battery cases.

Last year, Zagg and Mophie saw combined net sales of about $470 million.



9 Comments

stevie 15 Years · 956 comments

Apple could buy both of them with petty cash.

sirlance99 12 Years · 1301 comments

stevie said:
Apple could buy both of them with petty cash.

Let's see you start an accessory company and make over $100M. 

1 Like · 0 Dislikes
latifbp 10 Years · 544 comments

ZAGG had $100 million?

4 Likes · 0 Dislikes
cali 11 Years · 3494 comments

Sometimes I see these "small" purchases and think Apple should be the one buying them all. It would be like buying a piece of gum for them.

But realistically it may not make sense all the time, but the risk is surely low for Apple.

1983 13 Years · 1225 comments

cali said:
Sometimes I see these "small" purchases and think Apple should be the one buying them all. It would be like buying a piece of gum for them.

But realistically it may not make sense all the time, but the risk is surely low for Apple.

What possible need would Apple have for Mophie and Zagg? Makes no sense at all.

1 Like · 0 Dislikes