Clover Wireless Acquires Teleplan

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

CHICAGO and AMSTERDAM, Dec. 4, 2019 /PRNewswire/ -- 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."