Mobile Fun, UK online retailer of mobile device accessories, is looking to acquire other retailers.
Its target companies include mobile phone and accessories retailers, larger eBay/Amazon businesses, online tech retailers and small distributors of mobile accessories.
Managing Director of Mobile Fun, Mohammed Hussain, commented: “Plans for organic growth are already underway, including our investment in a new distribution business, and now we are looking to accelerate company growth through acquisition.
"I receive several speculative approaches on LinkedIn every few months from businesses looking for a buyer. As we now have a formal acquisition process in place, we are expecting more businesses to get in touch.
"“We have achieved great momentum recently, including the launch of our brand into 24 new countries in the last 18 months. With our strong financial position, ambitious management team and proven e-commerce expertise, we are ready to grow our business even further.”
Mobile Fun is considering businesses in the UK and internationally, with a turnover between £500,000 and £10 million with profits of £100,000 to £750,000.