Data protection specialist ICT Reverse has been acquired in a multi-million pound deal by mobile remanufacturing group Eco Renew.
The Lancashire-based firm, which has over 16 years of experience in data disposal and a portfolio of blue chip clients, will work closely with Eco Renew to provide additional services while acting as a base for the group in the UK and Europe.
The deal represents the first of many planned acquisitions globally for Eco Renew, and will add to the bases the company currently has in Hong Kong, Tokyo, Dallas and Dubai.
Eco Renew chief executive Mark Chamber said: “ICT Reverse is highly regarded within the industry.
“With impeccable accreditations, outstanding levels of service and an experienced team, it was an obvious fit for the Eco Renew Group both commercially and culturally.”
ICT Reverse founder Craig Smith will remain with the business but take on the role of European managing director.
He added: “We see this as a great opportunity for ICT Reverse to not only join a fast growing and industry respected company but also to migrate our service provision globally.”
The two businesses will operate as separate entities and ICT Reverse will at the Morecambe base on White Lund.