Assurant acquires Olivar Co.
Global provider of risk management solutions Assurant announced it has purchased the remaining shareholding in Olivar Co., a provider of mobile device lifecycle management and asset disposition in South Korea.
“We are pleased to be completing the journey we started four years ago when we first came together with our initial investment. Our global expertise and capabilities, combined with our local talent and knowledge, bring best-in-class services that give our clients a strategic advantage in the South Korean market.” – Keith Meier, president for International, Assurant.
This announcement is the latest in a series of acquisitions for Assurant. In 2020, Assurant acquired Alegre, one of Australia’s leading specialists in refurbished mobile phones and tablets; and HYLA Mobile, a global provider of smartphone software, trade-in and upgrade services.
“With these recent acquisitions, we are well-positioned to support South Korea and the broader Asia Pacific region in our Lifestyle businesses, and they reaffirm our commitment to accelerate growth in the market,” added Meier.