United States – Brady, the global provider of trading, processing and risk management solutions for metals and recycling, has acquired the assets and goodwill of the ScrapRunner service launched by fellow US firm Enaptive Inc. The sum involved was US$ 2 million.
The ScrapRunner solution manages ‘complex’ container pickup and delivery scheduling, tracks the location of containers as well as tracking and reporting on the activity and location of trucks using GPS tracking. ScrapRunner currently has more than 70 clients and drivers using 1943 handheld applications with fleet sizes ranging from one to 500 trucks.
The deal is expected to broaden Brady’s product offering and facilitate further growth, according to company ceo Gavin Lavelle.
It is estimated that the US scrap market is worth US$ 100 billion in turnover and ‘some 50% of this is already transacted using Brady software, with seven of the top 10 recycling companies using Brady’, Lavelle adds. ScrapRunner has been operating since 2003 and its clients are based throughout North America and Europe.
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