Clipperton advised NetRange, the leading provider of cloud-based infotainment solutions for connected cars & smart TV’s on its sale to ACCESS Europe GmbH, a subsidiary of ACCESS CO. LTD. (TSE:4813)
Clipperton acted as sole financial advisor to NetRange.
- The Hamburg-based specialist for infotainment solutions will join forces with leading connected entertainment supplier ACCESS Europe GmbH, a subsidiary of ACCESS CO., LTD. (TSE:4813).
- With this strategic move, ACCESS Europe GmbH. will be able to deploy best-in-class solutions spanning the entire connected entertainment portfolio inside the home, on the go and in connected vehicles worldwide.
- The transaction highlights Clipperton’s expertise in cross-border M&A transactions after a series of completed deals in 2018 (a.o. Musement/TUI, Cewe/Cheerz, givve/Up Group).
Berlin, April 16, 2019 – Leading European technology investment bank Clipperton is pleased to announce that it acted as sole financial advisor to NetRange’s shareholder, the leading provider of infotainment solutions for connected cars and smart TV’s, on its sale to ACCESS Europe GmbH, a subsidiary of ACCESS CO., LTD. (Tokyo Stock Exchange: 4813), a leading Japanese technology provider.
NetRange was founded by Jan Wendt in 2011 and it started as a pioneer for smart TV solutions, which eventually became the #1 content provider with an international network of over 4,000 partners in more than 100 countries. NetRange has successfully expanded into the car infotainment sector with its platform OS.CAR. Its main offerings are cloud-based app store, multimedia middleware, browser & streaming and media player.
The Oberhausen-based ACCESS Europe GmbH, reporting into Tokyo-headquartered company ACCESS CO., LTD. has provided since the 80s advanced IT solutions centered around mobile and network software technologies to a variety of players around the world including telecom carriers, consumer electronics manufacturers, broadcasting and publishing companies as well as the automotive industry. Today, its solutions have been shipped into more than 1.5 billion devices worldwide, including cars, TVs, smartphones, tablets, game consoles and more.
With this acquisition, ACCESS Europe GmbH intends to become the market leader for software-based infotainment solutions while continuing to serve Tier 1 car manufacturers. The management of NetRange will continue operating the business, which will benefit from ACCESS Europe GmbH’s strong expertise in the car infotainment space and from its global presence.
“This is a milestone deal for the connected car sector and responds to the growing collaboration between the automotive and entertainment industries. Clipperton was an outstanding advisor to us, with excellent sector knowledge and creative ideas throughout the entire process. Their team remained dedicated to delivering an outstanding result and we could not have achieved this outcome without the Clipperton team.”, said Jan Wendt, NetRange’s founder who remains as advisor to the company. Tim Schröder, who will take over as CEO of NetRange, added that “ACCESS Europe GmbH will help NetRange to achieve scalability in a shorter period of time, while maintaining its international focus and strong client basis. “
For more information, please contact:
- Stephane Valorge, Managing Partner
- Duncan Klauser, Director
- Ingmar Wegel, Vice President
- Marc Schäfer, Vice President
- Ivan Pimentel, Analyst
Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology space, advising high growth companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 300 high profile transactions globally. For more details please visit [ clipperton.net ]( http://clipperton.net )
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