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Kungsbacka held an exclusive distribution agreement for Skullcandy products in Europe through November 2013. Skullcandy, which went public last month, said it expects the deal to add to earnings starting 2012. Skullcandy, which raised $188 million in an upsized IPO in July, sponsors athletes and musicians, including Snoop Dogg, and competes with Sony Corp and privately held Bose Corp. The company bought Kungsbacka from 57 North AB, which would still retain the right to sell Skullcandy-branded headphones in Sweden, Finland, Denmark and Norway though its consumer electronics channel till 2016. Park City, Utah-based Skullcandy's shares closed at $16 on Tuesday on Nasdaq. They have lost 20 percent of their value since the IPO. (Reporting by Himank Sharma in Bangalore; Editing by Maju Samuel) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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