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ZAGG Buys Mobile Accessories Company Halo For $43 Mln

ZAGG Inc (ZAGG), Thursday said it has acquired HALO, a direct-to-consumer mobile accessories company with an extensive IP portfolio, for $43 million in a combination of cash and stock.

HALO has a broad IP portfolio, including wireless charging, car and wall chargers, portable power, power wallets, and more. The addition of HALO strengthens ZAGG's product, brand, distribution, innovation pipeline, and IP portfolio while furthering its mission to empower the mobile lifestyle.

ZAGG will retain the services of HALO's talented senior leadership team and employees in the U.S., and the Cayman Islands.

"The acquisition of HALO is consistent with our commitment to offer the most innovative products, gives us access to an incredibly strong IP portfolio, and allows us to strategically expand product distribution," said Chris Ahern, CEO of ZAGG Inc.

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