Zagg buys battery phone case maker Mophie for $100 million
That's a lot of phone cases.
In what appears to be a coming-together of a phone accessory empire, Zagg has just announced that it's buying Mophie for at least $100 million, with perhaps more to be awarded later on depending on Mophie's sales figures. Zagg is a mobile accessory company that makes all kinds of devices from keyboards to cases, while Mophie is best known as the maker behind the popular phone battery case, as seen in the image above. Mophie first gained popularity as the battery case of choice for iPhones, and then slowly expanded its line to include battery cases for certain Android flagships plus standalone battery packs.
"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 in a statement. Since Mophie's inception, there have been several other companies to make battery phone cases. Recently, Apple launched its own battery phone case called the Apple Smart Battery Case which costs $99, thus introducing increased competition.
