UK retailer WH Smith is buying Jacksonville, FL-based travel electronics retailer InMotion for $198 million. InMotion sells electronics including headphones, earbuds, mobile power and portable speakers at 43 US airports, further expanding WH Smith’s growing travel division. Perhaps more significantly, WH Smith says the acquisition will “support the launch and growth of WH Smith’s airport format in North America,” signaling their intention to become a bigger player here. InMotion will operate as a subsidiary of WH Smith. They are forecasting 2017 sales of $166 million, and the deal is expected to close by year end. Separately, ss Penguin Random House […]
