Stockholm, Sweden – January 24, 2012 – Regenersis plc, a leader in after sales support for some of the World’s leading technology brands, announced that it has acquired 100% of the shares in ANOVO Nordic AB. ANOVO Nordic is a leading Swedish after sales partner serving complimentary brands to Regenersis. The acquisition further extends the Regenersis geographic footprint to 8 countries and 17 facilities. It will further enable the Company to better serve existing customers who require truly Pan-European solutions, and will deliver additional benefits to customers in Scandinavia by taking advantage of some of the Regenersis technology innovations, scale and financial security.
Ian Powell, Group Managing Director of Regenersis, said, “The entry into Nordics was one of our expansion priorities. The acquisition will provide more opportunity to deliver global solutions to our customers. I look forward to welcoming the Swedish team to our family”.
Roger Engström, Managing Director of Regenersis Nordic AB, said, “The acquisition was unanimously approved by the boards of directors of both companies. Combining our industry knowledge will definitely increase our added value solutions for the technology industry as reverse logistics hubs, warranty extension programs and regeneration solutions in Sweden as well as in the other Nordic countries”.
Upon this acquisition, ANOVO Nordic current businesses, its employees and its sites are integrated into Regenersis. Financial terms of the transaction are undisclosed.