Noventiz joins the Reconomy/Valpak family
Cologne, 31 October 2020 – The Noventiz Group, a certified waste management company and service provider for obligations under waste legislation and Reconomy Ltd., a leading provider of disposal and take-back solutions in the United Kingdom, have signed an agreement to acquire the operating Noventiz
companies.
After purchasing Noventiz GmbH, Noventiz Dual GmbH, Noventiz Digital GmbH and Noventiz Digital GmbH, Noventiz will become part of Reconomy Ltd.
Dirk Boxhammer, Managing Director of Noventiz, says: „Noventiz is proud to have won the trust of Reconomy and to become part of the Reconomy/Valpak family. We’re confident that this will strengthen our position in the German market. By working together with our UK colleagues, we will be able to offer our clients pan-European solutions for participating with sales packaging, electrical and electronic equipment and batteries.”
Two companies, one vision
Founded in Cologne in 2007, Noventiz now employs 60 people and has an annual turnover of €38 million in Germany and Europe. By joining forces with Reconomy Ltd., Noventiz aims to offer more solutions to the European market.
For Reconomy Ltd. and Valpak Ltd., operators of the UK’s largest and longest running packaging take-back scheme, the acquisition of the Noventiz Group is the first step towards international expansion.
“With the acquisition of Noventiz, Reconomy is taking an exciting first step towards establishing a European and international market presence. Our vision is to offer environmental services to clients around the world. Thanks to Noventiz’s expertise and knowledge of the German market, the Group will be able to build on the success and experience that Reconomy has gained in providing take-back and compliance solutions.”
Paul Cox, Chief Executive of Reconomy, adds: “The acquisition of Noventiz, marks an exciting first step for Reconomy in establishing a European and international market presence. Our vision is to offer environmental services to clients around the world. With Noventiz’s expertise and knowledge of the German market, the Group will be able to build on the success and experience that Reconomy has gained in providing take-back and compliance solutions.”
The transaction is subject to the approval by the German Federal Cartel Office and expected to be completed by the end of November. The transaction was advised by Blackwood Capital Group (UK) Limited, London / Frankfurt am Main.
Your contact persons for press
- Sevda Ünal
- Katharina Neuendorf
- presse@noventiz.de
You still have questions?
Write to presse@noventiz.de and we will be happy to help you. After publication of your contribution, we would be pleased to receive a voucher copy.
