Global Expansion for Morecambe based ICT Reverse
ICT Reverse is delighted to announce global expansion plans following a multi-million pound acquisition by mobile re-manufacturing company Eco Renew.
With over 16 years’ experience in data disposal and electronic recycling, the Morecambe based firm will work closely with their new partners to provide additional services to their portfolio of clients whilst acting as a base for the group in the UK and Europe.
ICT Reverse is the first of many acquisitions globally for Eco Renew and will add to the bases the company currently has in Hong Kong, Tokyo, Dallas and Dubai.
The two companies will still operate as different entities with no changes in the employment for the 90+ staff at the Morecambe base on White Lund.
Eco Renew CEO 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.”
Craig Smith, founder of ICT Reverse will remain with the business taking on the role European MD.
He commented: “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.”
ICT Reverse has been delighted with the support received from 2 Lancaster based firms during the transaction.
Rob Richardson, Senior Director Corporate Finance at CLB Coopers, said, “It was a pleasure to be able to support the ICT Reverse management team throughout this transaction and we look forward to working with them in what looks set to be a very exciting future for the business as it embarks on its plans for further growth with Eco Renew”.
Andrew Hill, Head of Corporate at Baines Wilson, said “We were delighted to work with the ICT team on this transaction. Being part of the Eco Renew group will present ICT Reverse with an additional range of opportunities for growth and we look forward to supporting the future growth of the business.”