Creates Leading Global Supply Chain Services and Solutions Platform for Electronics with Broadest Range of Services and Enhanced Geographic Footprint
Transformative Combination Will Accelerate Innovation with Industry-Leading Technical Expertise and Continued R&D Investment
December 4, 2019 – Chicago, IL and Amsterdam/Schiphol, the Netherlands – Clover Wireless, a global leader in aftermarket life-cycle management services for mobile, computing and other consumer electronics devices, today announced it has completed the acquisition of Teleplan International N.V. (“Teleplan”), a global electronics supply chain services and solutions provider. This highly complementary transaction significantly expands and diversifies Clover Wireless’ capabilities and offering of cost-effective, innovative supply chain solutions for wireless carriers, manufacturers, cable operators, retailers, insurance providers and enterprise businesses around the globe.
Teleplan provides end-to-end electronics supply chain services and solutions to leading blue chip customers in more than 120 countries across Europe, the Americas and Asia Pacific. Teleplan focuses on four main product segments: Mobile, Consumer Premises Equipment, Consumer Electronics and Enterprises and Infrastructure Equipment, and its end-to-end services are primarily focused on testing and grading, kitting, repair and refurbishment, reverse logistics and value recovery. Teleplan is recognized for its industry-leading R&D capabilities and full suite of tech-enabled testing and diagnostic tools.
“This exciting, highly complementary combination will significantly expand the breadth of our product and solutions platform and global footprint, which will enable us to accelerate and optimize asset values for customers and become an even stronger partner for OEMs and service providers,” said Dan Perez, CEO of Clover Wireless. “Teleplan serves a strong and loyal customer base across IoT devices, consumer electronics, networking, storage and computing segments and brings a longstanding track record of investing in innovation to create value for customers. We have great respect for François Lacombe and the talented Teleplan team and are excited to welcome them to the Clover Wireless family as we co-create a world class and full-service electronics supply chain services and solutions company focused on delivering unparalleled value to customers.”
In connection with the transaction, Mr. Lacombe, CEO of Teleplan, will join the combined company, serving as President and Managing Director, reporting to Mr. Perez.
Mr. Lacombe commented, “Through our consistent focus on innovation, reliability and quality, Teleplan has become one of the leading multi-service, multi-technology supply chain players globally, with a world-class customer base. We will benefit from Clover Wireless’ financial, operating and industry expertise to provide our customers with even better service and solutions, while maintaining our strong reputation for technical quality and turn-around time. We are pleased to be joining Clover Wireless – who shares our customer-first mindset – and are committed to continuing to deliver the innovative solutions for which we are known.”
Combination Provides Compelling Customer Benefits
Financial terms of the transaction were not disclosed. Jefferies served as financial advisor to Clover Wireless and Loyens & Loeff N.V. and Kirkland & Ellis LLP served as legal advisors.⚫ ⚫ ⚫
Clover Wireless is the global leader in delivering cost-effective, innovative supply chain solutions for wireless carriers, manufacturers, retailers, insurance providers and enterprise businesses. Clover Wireless offers a comprehensive services portfolio that includes returns management, repair and reclamation services, and customized trade-in and buyback programs. With one of the largest consumer electronic device repair center in North America, Clover Wireless utilizes its unsurpassed repair services and heavy reclamation capabilities to restore devices to high quality condition while avoiding waste and maximizing value for customers. To learn more, please visit www.cloverwireless.com.
Teleplan International N.V. is an industry leader in life-cycle care and value recovery solutions for technology products, including IoT, mobile, customer premises equipment and consumer electronics. Focusing on customer care, managed logistics, parts management, screening & testing, repairs/refurbishing and reselling/recycling, Teleplan has 36 years of proven performance providing value propositions throughout the supply chain from the point of purchase to the end of life. Teleplan innovates to consistently keep up with the advances in interactive connectivity and communication, and our ‘Telemade’ approach tailors to each individual customer’s needs. As a member of CE 100, Teleplan is a key player in the transition to a Circular Economy. Headquartered in Amsterdam/Schiphol, the Netherlands, Teleplan’s service centers have a global reach of over 120 countries and employ almost 5,000 people. For further information, please visit: www.teleplan.com.
Jenny Gore / David Isaacs
312-895-4700 / 415-618-8750
+44 20 7467 1050