IT disposal specialist Ego Technology has acquired Bradford-based recycling services provider Ucan Secure IT.
The Staffordshire-headquartered company said the deal would boost its efforts to recover valuable materials from devices.
Created in 2010, Ucan offers nationwide collection of redundant IT equipment from UK organisations including business, universities and councils.
The Yorkshire firm delivers comprehensive compliance reporting relating to rules including the Waste Electrical and Electronic Equipment Regulations.
Ego chief executive Ian Austin said the deal represented “a key milestone”.
“By integrating Ucan’s recycling and streaming capabilities, we will create a vertically integrated model that enhances our ability to recover all valuable materials, reduce costs and accelerate our value opportunities within the circular economy,” he added.
Corporate finance specialists HMT acted as buy-side lead advisor and debt advisor on the transaction.
Managing partner Andrew Thomson said: “The transaction strengthens Ego’s position in the circular economy and represents the start of an exciting new era.”
