December 1, 2013
Greentech sold to Arrow Electronics
The Nordic leader in reverse logistics
Greentech is the leading supplier of EAD (Electronics Asset Disposition) and reverse logistics services in the Nordic region, with sales of c. USD 26m in 2012. Greentech’s clients include the largest public and private sector organisations.
The Company provides long-term (consignment or FMV) contracts with large corporations for the return of high end ICT equipment (both client and enterprise) combined with an extensive supplier network to fulfil product demand.
Greentech ensures secure transport and data erasure at their refurbishment facilities in Norway and Sweden, after which the equipment is re-marketed to Greentech’s customers, which includes a large portion of end-user clients such as schools and public sector institutions. This is partly done through the Company’s growing e-commerce channels.
Becoming part of the Fortune 141 company with revenues of USD 20bn+
As part of Arrow Electronics, a USD 20bn+ revenue business with a global network of more than 470 locations in 55 countries, Greentech can expand its value to clients by aligning with this Fortune 141 company that brings global reach, financial strength and a growing portfolio of industry-leading EAD and reverse logistics offerings.
In turn, Arrow expands geographically by gaining access to Greentech’s comprehensive footprint in the Nordics with two state of the art refurbishment facilities in Norway and Sweden. It also benefits from the Company’s substantial expertise in remarketing of enterprise equipment, as well as from its strong end-user sales channels.
GCA Altium acted as sole advisor to the sellers.