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January 11, 2013
16:45 EDTMLNKModusLink in advanced talks to sell Tech for Less operations
The company is increasing its focus on its core global supply chain and logistics business. As part of this focus, ModusLink intends to sell its Tech for Less operations and is in advanced discussions with a third party regarding a transaction. The company will continue to offer a strong remarketing capability to its clients through partnerships. Although the proceeds from a sale are not material to its cash position, ModusLink believes a sale would immediately improve the company's profitability. In fiscal 2012, the Tech for Less operations generated revenue of $25.9M and an operating loss of $11M.
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May 14, 2015
08:02 EDTMLNKModusLink selected by Tassimo for end-to-end commerce solution
ModusLink Global Solutions has been chosen by Tassimo, makers of a hot beverage system that uses smart technology to allow consumers to make coffee, tea, hot chocolate, cappuccino, espresso and lattes one cup at a time. ModusLink will execute end-to-end e-commerce operations throughout Europe for Tassimo, including the countries of Austria, Denmark, France, Germany, Greece, Ireland, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom, as well as in Ukraine and Russia.

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