Zagg acquires Gear4 for $40M
Zagg announced it has acquired Gear4 from STRAX AB $40M, the equivalent of 1X 2018 projected sales. Accounting for 23% market share in the U.K. and having experienced significant growth in North America this year, Gear4's range of impact absorbing smartphone cases covers all leading handsets. Gear4's cases exclusively feature D3O technology. With more than 1.9B smartphones predicted to ship during 2018, the Gear4 acquisition complements the ZAGG product portfolio and provides credible access of a growing brand to a large category driven by demand for mobile devices globally. ZAGG Inc will acquire the Gear4 corporate headquarters located in Maidenhead, England, and retain the services of its talented employees located in the U.S., Canada, the U.K. and Hong Kong.