Greenbox acquires Recytech to kick off New Zealand expansion

Thu, 26th Sep 2019

FYI, this story is more than a year old

Australian-based Greenbox has acquired Recytech, a New Zealand IT asset disposal company.

The move comes following growing demand from Greenbox' global partners as the IT asset lifecycle management firm expands into New Zealand.

“We have worked with Recytech in New Zealand for more than 10 years and know the people well,” says Greenbox Founder and director, Shane Mulholland.

“We had explored a number of options to enable expansion into New Zealand and acquiring Recytech was the logical step," he says.

Recytech was established in 2009 by Graeme Svensen and Paul Beattie and is based on Auckland's North Shore.

“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,” said Paul Beattie, director, Recytech.

In Australia, Greenbox helps customers sustainably dispose of IT assets and also manage those assets through the complete lifecycle. According to Greenbox CEO, Daniel Pritchard, many of Greenbox's finance, vendor and global ITAD (IT asset disposition) partners wanted the Australian company to also provide its full range of services in New Zealand.

“Many global companies operate a combined Australia and New Zealand subsidiary and want access to the same services across both countries,” he explains.

“With the acquisition of Recytech we can now offer that service which, I believe, is an industry first.

While Recytech is based in Auckland, Greenbox plans to take the services nationwide in New Zealand.

“We will invest in the Recytech business,” says Pritchard. “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.”

Greenbox' range of IT asset services covers pre-deployment through to data security services and disposal. The company holds R2 (Responsible Recycling), ISO 9001 and ISO 14001 standards accreditation in Australia and aims to bring the New Zealand business up to the same standards.

“Recytech has been working with companies such as IBM and Flexigroup for a number of years and is a leader in its field in New Zealand,” says Pritchard. “We look forward to learning about the specific needs of the New Zealand market from the Recytech team and to expand its service offering.