ZAGG grabs Gear4 for US$40m

NASDAQ-quoted accessories company ZAGG has acquired Gear4 from STRAX for US$40m – the equivalent of Gear4’s projected 2018 sales. Accounting for 23% market share in the UK and with significant growth in North America this year, Gear4’s extensive range of impact absorbing smartphone cases covers all leading handsets. Gear4’s cases exclusively feature D3O technology, the thinnest and most advanced impact and shock absorbing material currently used in professional sports, industrial and military equipment applications. Read full story