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Regenersis PLC (RGS)

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Monday 08 July, 2013

Regenersis PLC

Strategic Update - New Business Unit Established

RNS Number : 7560I
Regenersis PLC
08 July 2013
 



8 July 2013

 

REGENERSIS PLC

Strategic update - New Advanced Solutions business unit established

 

Regenersis plc (AIM: "RGS") ("Regenersis" or the "Group"), a strategic outsourcing partner to many of the world's leading consumer technology companies, is pleased to announce the formation of a new business unit within its Advanced Solutions Division and the formation of a related Joint Venture company.

 

The new business unit, called Renew, brings together the Group's Recommerce, Refurbishment and Digitalcare activities for the first time.  The formation of Renew follows the Group's strategy to identify and deliver innovative, higher margin products and services in the after-market service sector for mobile devices, which offer cost effective solutions and revenue generating opportunities for Regenersis' customers, including insurance companies, network operators and retailers.

 

Fully refurbished devices are increasingly being bundled with warranty extension services and insurance; Renew will, amongst other things, provide legitimate, quality refurbished devices to the end customer, as well as logistics and consultancy services - a new range of activity for Regenersis.

 

In the last few weeks, Renew has won several new contracts with significant new activities for Telefonica in Spain; other clients in Poland, as well as the Phonehouse, Telefinance and Solid in Sweden.

 

Regenersis has appointed a senior industry MD to manage and direct Renew, who will join the Regenersis Executive Board on assumption of his role.

 

Regenersis Refurbishment Ltd, a joint venture company owned 51% by Regenersis and 49% by Ecoasia Technologies Ltd, is being established to exploit Refurbishment opportunities in Mainland Europe across Regenersis' client base and manage global Refurbishment programs for OEMs.   Ecoasia is a market leading firm in Refurbishment capabilities with facilities in Manila, Hong Kong, China and Mexico.

 

Matthew Peacock, Executive Chairman of Regenersis, said:   "It is encouraging to see how quickly the Renew activities have grown from what were just plans a year or so ago. Renew is a clear demonstration of our ability to deliver new organic growth opportunities which, we believe, will allow us to maintain an impressive growth record." 

 



 

Enquiries:

 

Regenersis Plc                                                                                                  +44 (0) 20 3657 7000

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer

 

Arden Partners plc (Nomad and Joint Broker)                                    +44 (0) 121 423 8900

Steve Douglas / Katelin Kennish

 

Panmure Gordon (UK) Limited (Joint Broker)                                     +44 (0) 20 7886 2500

Dominic Morley / Charles Leigh-Pemberton

 

Tavistock Communications                                                                         +44 (0) 20 7920 3150

Catriona Valentine / Matt Ridsdale / Keeley Clarke

 

 

About Regenersis

 

With its core business in repairing consumer electronics, Regenersis helps companies like HTC, Nokia, Samsung, Orange, John Lewis, LG, Toshiba and others deliver the best possible after market service to its customers.  Through the provision of technical call centres or managing returns and repairs, the company supports a wide range of products including mobile phones, laptops and tablets, set top boxes, televisions and other electronic equipment.  Regenersis also operates in the business-to-business environment where it offers high quality and secure repair and refurbishment solutions for chip and pin devices, ATMs and even MRI scanners.

 

Building upon its success in repair, the company is already proving its pioneering range of services known as Advanced Solutions, which include in-field testing, where Regenersis is partnering with cable operators across the world to diagnose set-top box faults in the home, reducing unnecessary returns. The newly formed Renew business unit comprises Digitalcare, which provides extended warranty and insurance services to end customers; Refurbishment, which provides legitimate, quality refurbished components and devices to the end customer; and Recommerce, which offers client led buy back, repair and onward resale of devices.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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