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iGo Acquires Aerial7

10/08/2010 10:41:25 AM Eastern
Scottsdale, Ariz. - iGo has acquired Aerial7, a manufacturer of headphones and headsets.

"The acquisition of Aerial7 further expands our presence in the mobile device accessories market, increases our international footprint, and provides another catalyst for driving profitable growth in the future," said Michael Heil, president and CEO of iGo. "With their exceptional designs and effective grassroots marketing campaigns, Aerial7 has created a strong niche in the young adult and professional audio markets."

Heil said the founders of Aerial7 -- Seth Egorin, Phil Johnson and Eljay Driessens -- will be joining iGo. International sales are said to account for 60 percent of Aerial7's annual $2 million revenue.

Total consideration for the Aerial7 acquisition was $3.34 million in cash, iGo said.  
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