Incase Designs Corp., the maker of numerous laptop bags and cases for Apple devices as well as camera and GoPro bags, has been acquired by Incipio Technologies Inc., a growing developer of cases, electronic accessories and wireless speakers. Terms were not disclosed.
Incase, which was previously acquired by investment group Swander Pace Capital in 2010, will continue as a stand-alone brand. Some of its 80 employees will move to Incipio’s Irvine, CA office.
Said Andy Fathollahi, Incipio’s CEO, “Both brands stand for quality and protection and with Incase as part of the Incipio family, we will be able to strategically place the Incase brand alongside our portfolio of owned and licensed brands to maximize category performance.”
“This is a monumental event for us,” said Tony Held, Incase co-founder and CEO. “Andy and the Incipio team have a deep understanding of our brand and they are aligned with us on the go-forward strategy. This partnership will serve to be extremely instrumental to Incase’s growth and will provide us with the means to deliver a better experience through good design to a much larger audience worldwide.”
Incipio secured $55 million in financing from Monroe Capital LLC in January to provide “increased flexibility as we continue to grow, both organically and through acquisitions,” Fathollahi said in an earlier statement.
This is the second acquisition since the funding and fourth overall for the mobile device accessories designer and manufacturer. Incipio bought ClamCase LLC, a Michigan-based designer and manufacturer of keyboard cases for iPads, in June; speakers specialist Braven LC in 2013; and Tavik Industries LLC in 2012.