Syncreon, the US based company engaged in providing contract logistics and supply chain management solution and a portfolio company of GenNx360 Capital Partners, the US based private equity firm, has acquired Compuspar S.A, the Spain based company engaged in providing repair, warranty and reverse logistics solutions, from Serra family, for an undisclosed consideration.
Compuspar generated annual revenues of EUR 41m in the year 2010. The acquisition will enable Syncreon to strengthen its business in Europe, Asia-Pacific, North and South America, as well as to add 18 facilities. Compuspar’s technical capabilities will allow Syncreon to propose technical know -how in its forward logistics solutions.
Clearwater International advised on sale of company.