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Assurant Inc Expands Global Mobile Services By Acquiring Lifestyle Services Group From Phones 4u Finance plc

Thursday, 5 Sep 2013 03:00am EDT 

Assurant Inc announced an agreement to purchase Lifestyle Services Group, a mobile phone insurance provider, for up to $160 million (GBP107 million) in cash from Phones 4u Finance plc. With about $185 million (GBP 125 million) of annual revenue, Lifestyle Services Group is a provider of mobile device insurance in the United Kingdom. The company provides a broad array of services through banks and retail mobile network operators to more than 8 million customers. The transaction is subject to regulatory approval and expected to close in the fourth quarter of 2013. 

Company Quote

0.48 +0.73%
28 Jul 2014