Posted on 29-Apr-2005 22:32.
Filed under: News
The UK based eXpansys Group has announced the acquisition of MobilePlanet Inc., a US-based multi-channel reseller of mobile computing and wireless products. MobilePlanet posted revenues of USD US$21 million in 2004.
The acquisition will help to secure the group's position as specialist online retailer of mobile devices in the world with a forecast turnover of US$200 million for the next financial year.
MobilePlanet will continue operations under its own brand name and as a separate company taking advantage of Expansys' warehousing, logistics and software development facilities. The company plans to maintain all existing customer, supplier and partner relationships and will actively seek new partners of all kinds for the combined business over the coming months.
The UK group plans to use the MobilePlanet brand name in the US and other key markets. To accommodate this, the group holding company, eXpansys Holdings Ltd. will be re-named Mobile and Wireless Group Ltd (M&WG). eXpansys and MobilePlanet will continue to trade separately.