News
Circular business models
Egiss acquires Refurb
And this is not Minor League. For example, one recycled laptop saves our planet 250-500 kg of CO2, while IT and electronics equipment overall accounts for 70% of all the toxins that end up as waste.
Since 2008, Danish company Refurb has specialised in acquisition, data deletion, refurbishment, and sale of used IT equipment. They employ 55 people and currently operate in Denmark, Sweden, and Norway.
CEO of Refurb, Jakob Kokfelt, says:
“By selling to Egiss, we are gaining the muscle power needed to create an impact in the rest of Europe within a few years. Our access to used IT equipment will increase explosively due to Egiss’ many long-term contracts with large global companies, and the synergy will help us reach new levels.”
Jakob Kokfelt continues:
“Circular economy is about optimizing resource consumption. By combining purchasing, operations and recycling in the same company, the basis for taking responsibility for a bigger part of a product’s lifetime is strengthened. And this provides a much better foundation for optimizing both the commercial value, the environmental footprint and the social impact – for us and for our customers.”
Den Sociale Kapitalfond Invest has been the main shareholder in Refurb since 2020, and a satisfied Managing Partner, Lars Jannick Johansen, says:
“In recent years, Refurb has undergone a significant strategic development, and Egiss is a strong match on the next growth journey. On the one hand, because of synergies and international scale, and on the other hand because Egiss fully appreciates the environmental and social responsibility that is a part of Refurb’s DNA.”
Group CEO in Egiss, Jesper Ravn, says:
“The acquisition of Refurb is an upgrade of our lifecycle services. Being able to handle everything in-house is critical for our global customers and partners and will have a positive impact on efficiency, data security and total-cost-of-ownership in their organizations. We have no doubt that one of our customers’ most important parameters in the future will be strengthening the effect in the entire ESG space.”
Jesper Ravn elaborates:
“To be at the forefront of global development, we want to operate with a triple focus: The traditional, commercial bottom line with the addition of an environmental and a social bottom line.”
Jesper Ravn continues:
“I am happy to have Refurb ‘in the family’, both because of their competencies, but also because of the values on which the company is built. The importance of their core business speaks for itself, but it actually applies all the way around. For example, one in four Refurb employees comes from the edge of the job market, which testifies to a company that has its heart in the right place. I look forward to them becoming a part of our everyday lives.”
With the acquisition, Egiss takes over 100% ownership of Refurb, who will continue as an independent subsidiary company of Egiss Group, with the same management as before. Neither party wishes to disclose the value of the transaction.
