Esprinet to acquire Cellularline for $106m.

Esprinet, an Italy based company specialized in the business-to-business distribution of information technology, offered to acquire Cellularline, a firm engaged in the engaged in manufactures and sells accessories for smartphones and tablets, for $106m. Following the transaction, Esprinet intends to preserve the organizational structures of Cellularline and Celly division, granting operational continuity in their respective offices of Reggio Emilia and Vimercate, thus guaranteeing employment continuity and career development opportunities, in line with the approach of the management of Esprinet group which has been certified Great Place to Work 2022, ranking as the ninth best company in Italy among the groups with more than 500 employees.