ZAGG acquired Gear4 from Strax for EUR35m.

ZAGG, a publicly traded consumer electronics company based in Midvale, Utah, acquired Gear4, a UK-based developer and manufacturer of smartphone accessories, from Strax, which wholesales telecommunication accessories, for EUR35m. Chris Ahern, CEO, ZAGG Inc, comments: ”From our position as one of the leading companies in the mobile accessories industry, with a primary focus on screen protection and charging products, we have identified Gear4 not only as one of the fastest growing protective case brands, but also a brand with a very promising future. Gear4, with its unique positioning – not least through the licensed D3O material – fits our portfolio perfectly, and broadens our position within the protection segment of the mobile phone accessories industry. We are happy that the STRAX team will pass the torch to us, after a phenomenal job in establishing Gear4 as one of the most significant brands in its category, and welcome the strong Gear4 team onboard.”