Cellularline to acquire an 80% stake in Worldconnect for $22m.

Cellularline, a provider of consumer electronics, agreed to acquire an 80% stake in Worldconnect, a provider of premium adapters, for $22m. “SKROSS, as a brand, with its unique and patented products, has successfully positioned us with major travel retail operators worldwide. Joining forces with Cellularline offers perfect synergies in both accessing new channels and substantially broadening the product offering for both companies. We are extremely excited to team up with a company and its management with whom we share so much in terms of vision and passion," Sam Gerber and Christian Ernst, Worldconnect Co-CEOs.