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Announced

Completed

Clover Imaging Group completed the acquisition of Phoenix Direct.

Synopsis

Clover Imaging Group, a company which provides environmentally sustainable solutions focused on the recovery, returns management, remanufacturing, and remarketing of technology assets and small consumer goods, completed the acquisition of Phoenix Direct, an integrated direct-to-consumer business solution that provides 3PL fulfillment, creative, marketing services, ecommerce services and customer service for brands and retailers. Financial terms were not disclosed. "We warmly welcome the Phoenix Direct team to Clover. While we remain bullish and focused on our core imaging business in the Americas, the completion of this acquisition represents a step forward in our diversification strategy and the future of the Clover Imaging platform. We look forward to leveraging the expertise of both teams to enhance our current capabilities and accelerate growth," George Milton, Clover Imaging Group CEO.

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