Announced
Financials
Tags
Consumer Electronics
Acquisition
adapters
Pending
Friendly
Cross Border
Switzerland
Private
Majority
Single Bidder
batteries
consumer electronics
Synopsis
Cellularline, a provider of consumer electronics, agreed to acquire an 80% stake in Worldconnect, a provider of premium adapters, for $22m. “SKROSS, as a brand, with its unique and patented products, has successfully positioned us with major travel retail operators worldwide. Joining forces with Cellularline offers perfect synergies in both accessing new channels and substantially broadening the product offering for both companies. We are extremely excited to team up with a company and its management with whom we share so much in terms of vision and passion," Sam Gerber and Christian Ernst, Worldconnect Co-CEOs.
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