Popular mobile accessory makers Zagg and Mophie announce merger
Two of the biggest names in the mobile accessory business is joining forces.
Zagg and Mophie have just announced that they have reached a merger agreement whereby the former effectively acquires the latter. According to the companies’ joint press release, the deal will have Zagg paying $100 million at deal closing, with perhaps more to be paid out over a 12-month period depending on Mophie’s earnings.
Headquartered in South Salt Lake, Utah, Zagg has for over a decade been known mainly for its line of protective coverings for mobile devices sold under the brand name InvisibleShield. It also offers keyboard, case and audio products under the iFrogz brand and variations of its namesake Zagg brand.
Mophie, for its part, is based in Orange County, California, and is largely recognized for its portable power products, including so-called “juice packs” for iPhones. (Apple apparently designed its iPhone 6s battery case with a huge bulge in the center so as not to infringe on Mophie’s design patents.)
According to their press release, the two companies expect to reap the following benefits from their merger:
We here at AppAdvice are fans of both Zagg and Mophie, and we hope that both companies will continue to come up with more innovative mobile accessory products, probably including cross-branded ones.