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.”