Danish green tech business Combineering has been bought by UK circular economy firm Reconomy.
Combineering provides science-based recycling solutions with the aim of turning waste into an infinite resource. Established for over four decades, it has developed specialised recycling services in sectors including agriculture, energy, biogas, manufacturing and construction. It will compliment Reconomy’s existing ‘Recycle’ vertical and circular economy capabilities.
The new acquisition will continue to act as a separate brand within Reconomy.
Reconomy chief executive Guy Wakeley said: “Enabling the circular economy for businesses around the world is the reason that Reconomy exists. Decoupling economic growth from the consumption of natural resources is a fundamental need for the 21st century and Combineering brings important proprietary capability to pursue this purpose and drive great ESG outcomes for our customers.
“Its history of invention, agility and innovation matches perfectly with our core values, and we are delighted to welcome the entire Combineering team into Reconomy to join us in the next exciting phase of our journey.”
Combineering chief executive Carsten Park Andreasen added: “This is a huge moment for Combineering and joining Reconomy Group – a business that also believes in the endless potential to transform waste into resources – will allow us to accelerate growth in our existing activities and develop new markets. We’re looking forward to working with our colleagues across the group to maximise the opportunity to support customers globally with even more of their sustainability needs.”