syncreon Completes Purchase of Compuspar

AUBURN HILLS, Michigan, February 3, 2011 - syncreon, a global provider of integrated logistics services and highly
customized supply chain solutions, announced today that it has acquired 100%
of Compuspar. The terms of the transaction are not being disclosed.

Barcelona, Spain based Compuspar is a supply chain services company
providing repair, warranty and reverse logistics solutions to the hi-tech
industry. The transaction provides syncreon 18 additional facilities, and a
strengthened global footprint throughout Europe, Asia-Pacific, North and
South America, and more than 900 employees. In addition, this transaction
strengthens syncreon's service offering in key target markets - USA, Poland
and Brazil, expands mature markets served to include Spain, France and Italy,
and expands the company's technology service offering into new markets for
syncreon in China, Australia and Mexico.

Compuspar had revenues of EURO 41m in 2010 and had been majority owned by
the Serra family from Barcelona. Brian Enright, President & CEO of syncreon,
said, "We are extremely pleased with this transaction as it allows us to
increase the breadth of syncreon's service offering to individual customers
and it creates new opportunities as we move forward, both by increasing our
capability in reverse logistics and our global reach in the technology
segment. This acquisition builds upon syncreon's core differentiator -
flexible and customized solutions for our customers and Compuspar's strong
reverse logistics capability complements syncreon's core forward logistics
capability".

Jordi Serra, founding shareholder and CEO of Compuspar said that,
"Compuspar is an excellent fit for syncreon and will allow Compuspar to
offer it's customers a vastly expanded reverse logistics service offering.
The combination of Compuspar's technical capabilities will allow syncreon to
offer greater technical know -how also in its forward logistics solutions and
offer joined up reverse solutions to its customers".

About syncreon

syncreon is a global contract logistics and supply chain management
company that uses its asset-light business model to provide specialized
transportation, inbound, outbound, and fulfillment logistics services. These
services are customized and fully integrated into their customers' supply
chain and final end-client delivery. syncreon is a global business with its
operational headquarters in Auburn Hills, MI. syncreon has activities in 20
countries, with over 75 facilities and approximately 10,500 employees.
syncreon is owned by Irish businessmen Michael & Brian Enright and New York
based private equity firm, GenNx360 Capital Partners. For more information
please visit, www.syncreon.com.

About Compuspar

Compuspar, founded in 1984, is a supply chain services company
specialized in implementing reverse logistics and repair solutions for
customers in the hi-tech industry. The company handles (storage, repair,
rework and distribution) approximately two million units annually, including
complete reverse logistics and warranty management solutions. For more
information please visit, www.compuspar.com/.

About GenNx360 Capital Partners

GenNx360 Capital Partners is committed to deliver superior returns to
investors in all its portfolio companies. The firm acquires companies with
proven and sustainable business models in expanding industries and implements
the required operating changes to deliver cost efficiencies and accelerated
growth opportunities. The firm's proven business methodology is based on more
than 100 years of partner experience successfully running global businesses.
For more information please visit, www.gennx360.com. GenNx360 has been
an investor in syncreon since March 2009.

CONTACT: Kenneth Pocius, +1-248-377-6207

Kenneth Pocius, +1-248-377-6207