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ARX completes buyout of Hungarian mobile device repair business

ARX Equity Partners

 

ARX Equity Partners has completed a majority acquisition of TMX Mobile Solutions. ARX will partner with the company’s senior management, who retain a significant minority stake as part of the deal.

The consideration was not disclosed.

TMX is a market leader in the Hungarian mobile device repair space and says it is on-track to generate a revenue stream of over €40m this year.

It employs over 400 skilled staff, who deliver a service-offering comprised of physical repair, logistics and refurbishment of mobile phones. They repair approximately 500,000 mobile devices annually for B2B customers that consist of major mobile device OEMs, smartphone insurance providers and mobile operators respectively.

ARX aims to perfect TMX’s leading position in what is a growing domestic Hungarian market, while also maximizing the upward trend for mobile device repairs in Central and Eastern Europe.

TMX is ideally positioned in terms of scale, logistical capabilities, proximity and cost competitiveness to capture a meaningful share of the European insured device repair market.Bela

Lendvai-Lintner, a Partner with ARX, said: “TMX is a quality business that possesses robust systems, significant geographic coverage capabilities and a blue-chip client base. We are impressed with the company’s ability to efficiently handle complex repairs and the related logistical demands, which combine to deliver a seamless and satisfying customer experience.”

Balazs Kotányi, majority owner of TMX, added: “We are excited to welcome ARX as an experienced partner that has a track-record in supporting domestic Central European leaders on their journey toward regional expansion and internationalisation.,TMX represents the second investment from the fourth ARX managed private equity fund, following the successful exit of https://www.arxequity.com/arx-equity-partners-exits-vues/ in April of this year.

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