The technological fusion of the circular economy “creates a market leader of 25 million pounds”


Tier 1 circular economy technology company made an eight-figure investment in IT asset disposal business EOL IT Services.

The expansion will nearly double Tier 1 operational capacity and create one of the largest ‘all-round’ IT hardware businesses in the UK.

Tier 1, based in Manchester, specializes in the safe disposal and restructuring of IT assets, supporting a wide range of customers and helping to address the growing environmental challenge of “e-waste”.

Founded and led by CEO Jonathan Rose, the company has enjoyed rapid growth in recent years and won the Queen’s Award for Enterprise.

EOL, based in Essex, is a highly accredited ITAD service and technology recycler, with longstanding relationships with several government departments and blue-chip customers.

The Tier 1 Group is now one of the largest ITAD businesses in the UK, with revenues in excess of £ 25 million.

The merger offers Tier 1 an additional base in the South East through EOL’s 30,000 square foot facility in Maldon, Essex, to complement its existing 40,000 square foot facility in Whitefield, Manchester, while also significantly improving its capacity. shredding and logistics.

The Tier 1 Group is also actively exploring further acquisition opportunities which will drive significant growth and consolidate its position as the UK market leader.

“We are delighted to welcome Dan Smith and the EOL team to the Tier 1 group,” said Rose.

“EOL has grown to be one of the most respected ITAD companies in the UK and combining the two businesses will further enhance both our management team and our service offering, creating an incredible proposition for our corporate clients.

“With a combined operational facility of 70,000 square feet and 115 employees, we now have the platform to transform the company into the UK’s leading IT circular economy organization, with positive environmental impact at the heart of our offering.”

Level 1 reclaims IT assets and securely wipes all data before refurbishing and reselling equipment to the B2B market through a trusted reseller network.

Clients include large corporations, systems integrators and end users in education, healthcare and other areas of the public sector and government departments.

EOL MD Smith will join the Board of Directors of the Level 1 Combined Group.

He said: “Level 1 shares our passion and commitment to providing companies with safe, sustainable and environmentally friendly solutions for recycling IT equipment.

“Having operational bases in the south and north will provide strategic logistical advantages and reduce our carbon emissions.

“The demand for sustainable computing equipment is steadily increasing and this move will provide our customers and businesses with greater access to sustainable carbon-saving computers and laptops, as well as all other types of IT equipment.”

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Level 1 is firmly committed to minimizing the environmental impact of “electronic waste”. All equipment that cannot be reused is broken down and recycled, while the carbon footprint of its refurbished devices is 75% lower than new equipment.

The company also has strong social values, exemplified by its award-winning IT prison recycling program. In partnership with the charity Antz Junction, HMP Forest Bank and HMP Hindley, he runs a “Through the Gate” project that supports offenders both in prison and after release.

“Through the gate” has already seen more than 140 inmates with recycling qualifications emerge and often find work and apprenticeships thanks to their new skills.

The technological fusion of the circular economy “creates a market leader of 25 million pounds”

Source link The technological fusion of the circular economy “creates a market leader of 25 million pounds”

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