Clover Wireless has completed the acquisition of Teleplan International N.V., a global electronics supply chain services and solutions provider. The transaction is expected to significantly expand and diversify Hoffman Estates-based Clover Wireless's 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.
"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," Clover Wireless CEO Dan Perez said in a statement. "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.”
Teleplan CEO François Lacombe will join the combined company, serving as president and managing director, reporting to Perez.
Lacombe added: "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."
Financial terms of the transaction were not disclosed. Jefferies served as financial adviser to Clover Wireless and Loyens & Loeff N.V. and Kirkland & Ellis LLP served as legal advisers.