Sims takes over Australian service provider

Archiv – Sims Group’s Recycling Solutions division has acquired the assets and business of Australia based Clearhouse Technology Pty Ltd, a leading asset recovery service provider in the APAC region.
The world largest e-waste recycler Sims Recycling Solutions, operating as Sims E-Recycling Pty Ltd in Australia, expands its Asset Recovery business in the end-of-life IT disposal market through the acquisition of the assets and business of Clearhouse Technology Pty Ltd.Australia | Sims Group’s Recycling Solutions division has acquired the assets and business of Australia based Clearhouse Technology Pty Ltd, a leading asset recovery service provider in the APAC region.
The world largest e-waste recycler Sims Recycling Solutions, operating as Sims E-Recycling Pty Ltd in Australia, expands its Asset Recovery business in the end-of-life IT disposal market through the acquisition of the assets and business of Clearhouse Technology Pty Ltd. Already a world leader in the recycling of electronic equipment, this acquisition is a key step in Sims’ strategy for creating global solutions for companies managing the security and re-use value of their electronic assets.
Clearhouse Technolgy Pty Ltd based in Melbourne, Australia was founded in 2003 and has grown to be one of the leading service providers in the region covering the collection, data protection, redeployment and remarketing of obsolete IT equipment for a variety of government and B2B customers.
Graham Davy, Global CEO for Sims Recycling Solutions (SRS) comments: ’We are extremely pleased to welcome the management of Clearhouse Technology into our business. The expertise of the management team and the infrastructure of Clearhouse Technology, combined with the recent acquisitions in UK, offers Sims a fantastic opportunity for growing this important sector of the market in the APAC region.’
Tony Nestola and Glenn Reid, founders of Clearhouse Technology will continue as consultants for Sims and will work closely with Kumar Radhakrishnan, Sr. Vice President, APAC for Sims Recycling Solutions. Kumar Radhakrishnan comments: ’The addition of the Asset Management capabilities of Clearhouse Technology Pty Ltd combined with the region’s first, state of the art, mechanical recycling facility for e-waste to be commissioned soon in Sydney provides a significantly enhanced value proposition for the existing customers of Sims and Clearhouse Technology Pty Ltd.