Clipper Logistics has forged a £14.8m deal to acquire a Dutch consumer electronic repairs specialist, strengthening the group’s existing repair offering in the UK and mainland Europe.
The company has announced it has agreed to acquire CE Repair Services Group BV, which provides electronic equipment repairs for global blue-chip companies.
Clipper said the Dordrecht-based company has built a market leading position across the Benelux region, and generated underlying earnings (EBIT) of £1.61m on revenue of £19.4m last year.
As part of Clipper’s Servicecare and RepairTech businesses, which offer value-added returns services for retailers, repaired more than a million electrical products in the past financial year.
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Clipper’s Servicecare and RepairTech businesses repaired more than a million electrical products in the past financial year. The group said, once completed, the acquisition will extend its geographical footprint in mainland Europe and in particular its presence in the circular economy with a full end-to-end suite of services for online and omnichannel retailers.
Cliper added it has already identified opportunities for cross-selling between CE Repair and Clipper's existing customer base.
Steve Parkin, Clipper's executive chairman, said: "We are delighted to have increased our footprint in technical services with this acquisition. CE Repair is a profitable and cash generative business and will enable Clipper to widen the range of services that we can offer our customers in mainland Europe."
