Add-on Acquisition • Communications

Likewize Acquires AKL Telecommunications

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

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

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M&A Deal Summary

Date May 3, 2010
Target AKL Telecommunications
Sector Communications
Buyer(s) Likewize
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
Overall 4 of 11
Sector: Communications 1 of 1
Type: Add-on Acquisition 2 of 9
Country: Austria 1 of 1
Year: 2010 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 -