Eurazeo buys majority stake in T1A Group
The Denmark-based ITAD provider refurbishes more than 250,000 data-carrying units annually, including laptops, servers and network equipment for corporate IT departments.
T1A Group, a Denmark-based provider of IT asset disposition and refurbishment services, received a majority investment from Eurazeo through the Eurazeo Planetary Boundaries Fund.
The company gives end-of-use corporate IT equipment a second life, reducing e-waste through refurbishment of laptops, data servers and network equipment.
Founded in 2001, T1A refurbishes more than 250,000 data-carrying units each year.
Eurazeo plans to use the business as a European circular IT platform, with growth targeted in Germany, the Benelux, the United Kingdom and France through organic initiatives and buy-and-build activity.
Founder Peter Hemicke will remain involved in the company and continue as a significant co-investor alongside the fund.
Terms were not disclosed.