Reco­no­my Group acqui­res RENE AG to expand glo­bal WEEE and envi­ron­men­tal com­pli­ance ser­vices

• Rever­se Logi­stics GmbH, a Reco­no­my Group com­pa­ny, has acqui­red RENE AG with retroac­ti­ve effect from 1 Janu­ary 2022. Foun­ded in 2005, RENE AG is a Ger­man ser­vice pro­vi­der for com­pli­ance solu­ti­ons for the cir­cu­lar eco­no­my / WEEE.
• The acqui­si­ti­on is part of the Reco­no­my Group’s stra­tegy as an asset-light com­pa­ny to build on its lea­ding role as a full ser­vice pro­vi­der of glo­bal com­pli­ance solu­ti­ons.
  RENE com­ple­ments the ran­ge of ser­vices of the Reco­no­my Group’s Euro­pean com­pli­ance pro­gram­me offe­ring and pro­vi­des attrac­ti­ve data manage­ment solu­ti­ons and pay­ment ser­vices for B2B and B2C mar­kets.
• With the addi­ti­on of RENE, the Reco­no­my Group’s Com­ply Divi­si­on is now able to offer uni­que access to a high qua­li­ty, glo­bal recy­cling net­work, pro­vi­ding effec­ti­ve and envi­ron­men­tal­ly fri­end­ly logi­stics solu­ti­ons.

The Reco­no­my Group has acqui­red RENE AG, based in Eppis­hau­sen im All­gäu, Ger­ma­ny. RENE AG has more than 17 years of expe­ri­ence with elec­tri­cal and elec­tro­nic equip­ment, bat­te­ries and pack­a­ging regu­la­ti­ons, and ope­ra­tes in more than 60 count­ries across the glo­be.

The Com­ply Divi­si­on of the Reco­no­my Group con­sists of Val­pak (UK), Noven­tiz (Ger­ma­ny) and Rever­se Logi­stics GmbH (RLG) (inter­na­tio­nal with head­quar­ters in Ger­ma­ny) and alre­a­dy offers exten­si­ve glo­bal sus­taina­bi­li­ty con­sul­ting and envi­ron­men­tal com­pli­ance ser­vices to major cus­to­mers across all indus­tries. RENE AG will be pri­ma­ri­ly ali­gned with RLG, with the com­bi­na­ti­on of com­ple­men­ta­ry ser­vices gene­ra­ting signi­fi­cant cus­to­mer bene­fits. Both com­pa­nies ope­ra­te WEEE and bat­tery take-back sche­mes and have net­works of appro­ved recy­cling com­pa­nies. This will allow them to extend their geo­gra­phi­cal reach as well as their capa­ci­ty. RENE AG ope­ra­tes its own take-back sche­me for was­te elec­tri­cal and elec­tro­nic equip­ment in Den­mark, while RLG is estab­lished in many Euro­pean and non-Euro­pean count­ries.

RENE AG fits per­fect­ly into the Reco­no­my Group’s tech­no­lo­gy-dri­ven asset-light model. It will bring exper­ti­se that goes bey­ond WEEE, bat­te­ries and com­pli­ance, such as data manage­ment, report­ing, con­sul­ting and pay­ment ser­vices for B2B and B2C mar­kets. This will help cus­to­mers from all over the world and across all sec­tors to access all ser­vices from a sin­gle source.

Com­men­ting on the acqui­si­ti­on, Patrick Wie­demann, Group CEO of RLG and CEO of the Reco­no­my Com­ply Divi­si­on, says: “This tran­sac­tion is the next step in gro­wing the Reco­no­my Group’s posi­ti­on and expan­ding our glo­bal foot­print. RENE is a gre­at addi­ti­on and a per­fect cul­tu­ral fit with the Group’s asset-light approach and our Com­ply Divi­si­on brands. We’re par­ti­cu­lar­ly exci­ted about the inter­na­tio­nal recy­cling net­work and the WEEE sys­tem in Den­mark, but also about the other ser­vices, which offer gre­at poten­ti­al and a wider ran­ge of ser­vices for the cus­to­mers of both com­pa­nies.”

Maxi­mi­li­an Schepp­ach Mana­ging Direc­tor of RENE, adds: “The Reco­no­my Group and RLG share our high stan­dards. They will be an excel­lent part­ner for our cli­ents, inves­t­ing in our pro­ducts and deve­lo­ping RENE’s tra­di­tio­nal strengths as a cus­to­mer-focu­sed full-ser­vice pro­vi­der both natio­nal­ly and inter­na­tio­nal­ly. Inter­na­tio­nal cli­ents are also loo­king for effi­ci­ent and unbu­reau­cra­tic solu­ti­ons for their finan­cing flows. RENE AG brings many years of expe­ri­ence in rever­se fac­to­ring to the table.”

Paul Cox, the Reco­no­my Group’s CEO, con­cludes: The acqui­si­ti­on of RENE is part of our stra­te­gic road­map to make the Reco­no­my Group a lea­ding glo­bal play­er in envi­ron­men­tal com­pli­ance and sus­tainable solu­ti­ons for the take-back of pro­ducts and mate­ri­als. We have recent­ly expe­ri­en­ced phe­no­me­nal growth in our Com­ply Divi­si­on, which ser­ves 80 count­ries around the world. We stron­gly belie­ve that with RENE, we will be able to fur­ther streng­then our ser­vices and work towards our pur­po­se: crea­ting a sus­tainable world whe­re we con­ser­ve fini­te resour­ces. We are deligh­ted to wel­co­me our new col­le­agues from RENE to the Reco­no­my Group fami­ly.”

Source: https://rev-log.com/de/reconomy-erwirbt-rene-ag/