M&A Deal Summary

Likewize Acquires AKL Telecommunications

On May 3, 2010, Likewize acquired communications company AKL Telecommunications

Acquisition Highlights
  • This is Likewize’s 1st transaction in the Communications sector.
  • This is Likewize’s 1st transaction in Austria.

M&A Deal Summary

Date 2010-05-03
Target AKL Telecommunications
Sector Communications
Buyer(s) Likewize
Deal Type Add-on Acquisition

Target

AKL Telecommunications

Vienna, Austria
AKL Telecommunications GmbH is a suppliers of mobile telephony devices and fixed network telephony solutions to the wireless channels including telecommunications dealers and consumer electronics stores.

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Buyer(S) 1

Buyer

Likewize

Southlake, Texas, United States

Category Company
Founded 1997
Sector Insurance
DESCRIPTION

Likewize is a global provider of cell phone and electronic device protection products and services, resolving hundreds of millions of customer issues each year across insurance, warranty, repairs, trade-ins, recycling, and premium tech support. The Company serves a wide array of clients including carriers, financial institutions, retailers, and mobile phone OEMs across the world. Likewize was founded in 1997 and is based in Southlake, Texas.


DEAL STATS #
Overall 4 of 11
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 9
Country: Austria M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-23 WSA Distributing

San Diego, California, United States

WSA Distributing, Inc. is a provider of wireless handsets and accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-05 eSecuritel Holdings

Head Island, South Carolina, United States

eSecuritel is a leading provider of turnkey programs for wireless handset replacement and claims processing. Using its proprietary web-based technology platform, the Company develops flexible, customized solutions to assist cellular companies in delivering a value-added product to their subscriber base. Mainsail acquired eSecuritel in conjunction with new and existing management.

Buy -