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Sims announce double acquisition in Europe
16/Mar/2011
Sims Recycling Solutions has expanded its European operations by acquiring two computer and information technology asset recovery companies, Dutch based Device and German company, ergoTrade.
A picture of Device's premises in Haarlem, the Netherlands
The multi-site acquisitions are a further milestone in Sims’ commitment to extend the success of its ICT asset recovery and lifecycle management business further into Europe. Device has operations in the Netherlands, Poland and the Czech Republic whilst ergoTrade has operations in Germany and Hungary.
Graham Davy, CEO of Sims Recycling Solutions commented: “Our ICT asset recovery service is already leading the market in the UK. With the new acquisitions, Sims will become market leader in Germany. Meanwhile our unique setup of sites across Continental Europe will enable us to strengthen our service offering to clients with multi-national responsibilities. The two businesses bring expertise within their local and neighbouring markets and a number of synergies which provide an excellent fit with Sims.
Operations at ergoTrade, Munich
"The evolved business, supported by our European network of electronic recycling operations, allows Sims Recycling Solutions to lead the field in providing solutions to the European WEEE Directive’s challenge of ‘reduce, re-use, recycle’.”
The combined businesses will be lead by Thomas Wolff, MD of Asset Management Central Europe and Marc Faller, European Business Development Director.