Greenbox expands across the ditch with acquisition

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Greenbox expands across the ditch with acquisition
Graeme Svensen (Recytech) and Richard Hili (Greenbox)

Australian IT asset lifecycle management firm Greenbox has expanded "across the ditch" by acquiring Kiwi counterpart Recytech.

Founded in Auckland in 2009, Recytech specialises in safely disposing and recycling old IT equipment. The company partners with the likes of IBM and Flexigroup in New Zealand, and has worked with Greenbox for more than a decade.

Greenbox was looking to expand across the Tasman, so acquiring Recytech was “the logical step,” according to Greenbox founder and director Shane Mullholland.

Greenbox chief executive Daniel Pritchard added that his company plans to take Recytech’s brand and services nationwide across New Zealand.

“Many global companies operate a combined Australia and New Zealand subsidiary and want access to the same services across both countries,” said Pritchard. “With the acquisition of Recytech we can now offer that service which, I believe, is an industry first.”

“We will invest in the Recytech business. We will maintain all the existing roles and will investigate the best way to take the service national – this may be based on organic growth or through additional acquisitions.” 

Recytech director Paul Beattie added: “We see a great opportunity for our customers and staff as Recytech becomes a member of the Greenbox Group. There will be a considerable enhancement of our service offering following a systems upgrade.”

The expansion comes off the back of Australian growth throughout 2018, launching an IT lifecycle services facility in Canberra to add to its existing sites in Brisbane, Sydney and Melbourne.

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