Allstate Protection Plans, a division of Allstate Corporation, has recently acquired British company Kingfisher Mobile Limted, a private firm dedicated to optimizing the lifecycle of smart devices. This strategic acquisition is set to significantly enhance Allstate’s offerings in the mobile industry, aligning with the growing demand for sustainable and flexible ownership solutions among consumers. No financial details are shared at this moment about this deal.
Strengthening
Founded in 2016, Kingfisher Mobile Limited has established itself as a pioneer in the mobile circular economy, providing solutions that help mobile carriers, manufacturers, and retailers meet the increasing consumer demand for device repair, replacement, trade-in, and upgrade services. The acquisition will allow Allstate Protection Plans to leverage Kingfisher's expertise, thereby enhancing its ability to offer innovative solutions to its customers.
Karl Wiley, Global President and CEO of Allstate Protection Plans, emphasized the importance of this acquisition: “We are thrilled to welcome the Kingfisher team to Allstate. By bringing this world-class team of experts onboard, we gain a significant competitive advantage over traditional companies in the wireless industry.”
Expanding global reach
The acquisition is particularly noteworthy given Allstate’s previous acquisition of SquareTrade in 2017 for $1.4 billion, which has established a solid foundation for its device protection services in North America and Europe. With Kingfisher’s innovative approach, Allstate aims to further its mission of delivering enhanced protection plans to an expanding customer base.
Georgiann Reigle, Co-Founder and CEO of Kingfisher, expressed enthusiasm about the partnership, stating, "With the global reach, resources, and financial strength of Allstate, we are now positioned to drive the efficient circulation of both new and second-life devices."
Market
Trade-in
Repair
Refurbishing
