Zagg purchases Mophie for US$100 million

It’s a joining together of mobile accessory makers. Mobile accessory manufacturer Zagg has bought phone battery case maker Mophie for at least US$100 million, which could change figures later depending on the sales figures of Mophie. “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,” Randy Hales, president and chief executive officer of Zagg, said in a statement. Mophie first gained popularity as a battery case for iPhones but later expanded to Android devices and then to standalone battery packs.

Source: Engadget