Venture-backed Mobile Klinik acquires Fonelab

Mobile Klinik has acquired Fonelab, a Toronto-based smartphone repair, sales and accessories chain, for an undisclosed amount.

Mobile Klinik has acquired Fonelab, a Toronto-based smartphone repair, sales and accessories chain for an undisclosed amount. Mobile Klinik, a Toronto-based smartphone and tablet repair, care, sales and services retailer, said the deal increases its number of stores to 80. Last year, Mobile Klinik closed a $27.5 million Series C financing that included a minority investment from Canadian Business Growth Fund.

PRESS RELEASE

Mobile Klinik Professional Smartphone Repair Doubles in Size in 2019

Canadian Retailer Ends Year With 80 Stores After Acquisition of fonelab

TORONTO, ON (January 20, 2020) – Mobile Klinik Professional Smartphone Repair, Canada’s largest and fastest-growing while-you-wait professional smartphone and tablet repair, care, sales and services retailer, today announced it will achieve its fiscal year-end (Jan. 31) goal of 80 locations after closing the acquisition of fonelab, a smartphone repair, sales and accessories chain with eight locations in Ontario.

Opening its first store in September 2015, Mobile Klinik has become the country’s largest and only made-in-Canada national while-you-wait device repair retailer. The retail storefront chain offers no-appointment-needed, trusted professional smartphone and tablet repair for almost all makes and models of devices. Its trained, expert technicians typically complete repairs in less than 60 minutes.

fonelab, with eight stores in Ontario, launched a smartphone repair business in 2014, adding certified pre-owned phone sales as well as a broad assortment of branded and private-label smartphone accessories. fonelab is an authorized repair service provider for Samsung, LG and Huawei smartphones and tablets. The acquisition of fonelab by Mobile Klinik closed on January 15, 2020.

“We have a clear vision to provide Canadians with much-needed, professional, trusted smartphone and tablet repair and care services, and fonelab is an excellent fit with that vision. Their skilled staff along with their desirable shopping mall locations will enhance our rapidly-growing business,” said Tim McGuire, CEO, Mobile Klinik. “This acquisition caps a wildly successful growth year: we started the year with 40 Mobile Klinik storefronts and just one year later, we’ve doubled our network to 80 stores. I’m already looking forward to this time next year, when we’ll have blown right by the 100-store mark.”

All eight fonelab locations (listed below) will be converted to the Mobile Klinik brand in the first quarter of 2020:

– CF Fairview Mall, Toronto, ON

– Conestoga Mall, Waterloo, ON

– CF Fairview Park, Kitchener, ON

– Scarborough Town Centre, Scarborough, ON

– Oshawa Centre, Oshawa, ON

– CF Lime Ridge, Hamilton, ON

– Upper Canada Mall, Newmarket, ON

– CF Masonville Place, London, ON

About Mobile Klinik
Mobile Klinik Professional Smartphone Repair is Canada’s largest and fastest-growing professional while-you-wait smartphone and tablet repair, care and services retail chain with stores in major shopping malls, select Walmart stores, and other high-traffic retail locations across the country. More stores will open soon as the company works toward its goal of 200 stores across Canada. Visit us on Facebook or Twitter @MobileKlinik or go to www.mobileklinik.ca.

Contact

Liz Hamilton at liz.hamilton@mobileklinik.ca / 1.647.282.2802