Clover Wireless Acquires Teleplan - Seite 2

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

• Drives Innovation with Deep Engineering Bench and Continued R&D Investment: With a strong technical bench including hundreds of engineers dedicated to innovative component and device restoration and test processes, the combined company will have greater investment capabilities to develop new solutions and services. Clover Wireless will benefit from Teleplan's technology expertise, including their leading testing and cosmetic grading capabilities, as well as access to Teleplan's world-class Innovation Center in Tallinn, Estonia.
• Creates a One-Stop Shop for Customers: Clover Wireless and Teleplan's combined capabilities, device coverage and offerings will expand the range of services offered, enabling customers to meet their full life-cycle needs with one vendor. Clover Wireless will leverage Teleplan's expertise in areas such as automation to provide new solutions to its existing customer base, while at the same time applying its go-to-market capabilities and expanding the range of offerings to Teleplan's customers. The combined company will be positioned to provide customized solutions to optimize customers' reverse supply chain and increase asset values.
• Significantly Enhances Global Footprint: With the addition of Teleplan's strategically-located world-class facilities, Clover Wireless will provide services to customers around the world through an expanded global footprint. With a significant presence in the Americas, Europe and Asia Pacific the combined company will have a footprint of more than 15 locations across four continents.

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.