Germany / Netherlands – Electronic scrap processor Sims Recycling Solutions (SRS) has expanded its European operations by acquiring two computer and information technology asset recovery companies – namely Dutch-based Device and Germany’s ergoTrade. The former runs operations in the Netherlands, Poland and the Czech Republic while the latter operates in Germany and Hungary.
SRS’ CEO Graham Davy comments: ‘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 set-up of sites across Continental Europe will enable us to strengthen our service offering to clients with multi-national responsibilities.’ The two businesses are said to bring expertise within their local and neighbouring markets and a number of synergies which provide an excellent fit with Sims.
The combined businesses will be led by Thomas Wolff, Managing Director of Asset Management Central Europe, and by Marc Faller, European Business Development Director.