Australian IT asset lifecycle management company Greenbox has acquired New Zealand IT asset disposal company Recytech and will operate in New Zealand as Greenbox Recytech.
According to Greenbox, multiple finance, vendor and global IT asset disposition partners of Greenbox wanted the company to expand its services to New Zealand.
Shane Mulholland, Greenbox founder and director, said the company had worked with Recytech in New Zealand for over 10 years.
“We had explored a number of options to enable expansion into New Zealand and acquiring Recytech was the logical step,” Mulholland said.
Recytech was founded in 2009 and is based in Auckland’s North Shore. Currently it services this particular area, but through the acquisition, Daniel Pritchard, CEO of Greenbox, said they intend to expand the services nation-wide, either through further growth or future acquisitions.
Pritchard added they will invest in Recytech and maintain all existing roles under the acquisition.
He also said the company was following suit of global companies operating through a combined Australia and New Zealand subsidiary, offering the same services across both countries.
“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,” Pritchard said. “We look forward to learning about the specific needs of the New Zealand market from the Recytech team and to expand its service offering.”
Paul Beattie, director of Recytech said the acquisition is a “great opportunity” for both customers and staff.
“There will be a considerable enhancement of our service offering following a systems upgrade,” said Beattie.
Greenbox was established in 2000 and provides secure management of sensitive IT assets from imaging to disposal of extremely-sensitive data.