Wednesday, February 3, 2016

mophie Acquired By ZAGG For $100M

Tustin-based mophie, the developer of cell phone cases and other mobile accessories, is being acquired by fellow mobile case maker ZAGG, the two said late Tuesday. According to ZAGG, it will pay $100M, plus earn out, for mophie, creating a new mobile accessory company with 2015 net sales of approximately $470M. mophie was led by CEO Daniel Huang. Zagg said that Huang and COO Shawn Dougherty will remain in their current roles throughout the earn out period. The companies did not say how the acquisition would impact mophie's Orange County operations.