Zagg, the smartphone accessory company, has agreed to buy Mophie for $100 million, both companies confirmed Tuesday.
Zagg makes a range of smartphone accessories, including a line of screen protectors and keyboard accessories, while Mophie is known for its external batteries and charging cases.
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Zagg CEO Randy Hales said in a conference call Tuesday that Mophie will continue to operate mostly independently, with "guidance" from Zagg. Mophie CEO Daniel Huang and COO Shawn Dougherty will remain in their current roles and will now report to Hales.
Zagg's CEO noted in the call that both Mophie and Zagg have extensive partnerships with retailers and that the acquisition should broaden Zagg's retail footprint. Though Zagg is primarily known for its Invisible Shield screen protectors and mobile keyboards, the company also sells speakers, headphones, smartphone cases and portable chargers.
"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,” Hales said in a statement.
Though Mophie is one of the best known manufacturers of smartphone battery cases and battery packs, the company recently found itself in direct competition with Apple when the Cupertino company quietly released its own iPhone charging case.