Amsterdam – The Company was founded in 2008 as A-Solar B.V. (“A-Solar”) by Mr Ralph Both. From the start, the Company focused on providing energy and charging solutions for mobile devices under the brand name Xtorm. The Company’s product portfolio includes a range of innovative and high-quality mobile charging solutions, among which power banks, solar chargers, cables and power home solutions. After several years of impressive growth, Xtorm has grown into a leading supplier of energy and charging solutions for mobile devices with products sold in over 30 countries worldwide. In 2014, Mr Ralph Both joined forces with the Dutch private equity firm Nedvest, in order to facilitate the Company’s next phase of (international) growth. As part of the strategy of international expansion and ambition to become an international ‘house of brands’, A-Solar acquired Gecko Covers in 2015. Gecko Covers is a designer and supplier of high quality handmade cases, covers and sleeves for mobile devices. After the transaction both companies merged into the single entity Telco Accessories, with both brands being preserved. The Company has consistently shown impressive growth rates, based on a strong dedication to sales, product development and customer intimacy.
Mr Both, CEO of Telco Accessories states: “With the support of Holland Venture we can continue on the growth path we started with Nedvest and build further on the house of brands with Telco Accessories. We will focus together on new markets and technologically driven mobile products to make your life easier.”
MBCF initiated discussions and negotiations with a range of potential strategic and financial buyers in a process that ultimately resulted in a successful transaction with Dutch private equity firm Holland Venture and the Company’s management.
The transaction was closed on 30 November 2017.
known by the brands
attracted a new investor