Business
EURAZEO ACQUIRES T1A GROUP IN DENMARK TO ACCELERATE THE CIRCULAR ECONOMY IN THE IT SECTOR
EURAZEO ACQUIRES T1A GROUP IN DENMARK TO ACCELERATE THE CIRCULAR ECONOMY IN THE IT
About this update from Eurazeo Se
[{"type":"text","content":"Eurazeo, through its Eurazeo Planetary Boundaries Fund (EPBF), has acquired a majority stake in T1A Group (T1A), a leading European player in the circular IT economy. Just over a year after its launch, EPBF has completed its third investment, marking its first entry into Denmark.T1A is a leading European IT Asset Disposition (ITAD) provider built on a circular economy logic. The company provides end-of-use IT equipment an extended lifecycle, reducing CO₂ emissions, water consumption and e-waste. With this investment, EPBF will support T1A's ambitious growth strategy, which includes both organic expansion and a targeted buy-and-build strategy. The ambition is to create a leading European ITAD platform, with an expanded presence across key markets, including Germany, the Benelux, the United Kingdom and France. Peter Hemicke, the founder of T1A, will continue to drive the company strategically and will remain a significant co-investor alongside EPBF.Founded in 2001, T1A has significantly expanded and now refurbishes +250,000 data-carrying units every year through the refurbishment of corporate IT equipment such as laptops, data servers and network equipment. T1A addresses the growing challenge of electronic waste – fueled in particular by rising demand for equipment – while directly contributing to a more sustainable and resource-efficient economy. The company has a strong track record of profitable growth and is widely recognized for its operational excellence and commitment to reducing IT waste and its environmental impact. This transaction directly contributes to safeguarding three planetary boundaries, making it a strong fit with EPBF's strategy: 1. Climate Change, thanks to the significant avoided carbon emissions from replacing the manufacturing of new devices with refurbishment ; 2. Freshwater Change, as the refurbishment process generates substantial water savings compared to manufacturing and 3. Pollution, by ensuring the responsible management of e-waste and preventing hazardous materials from contaminating soil and water.Erwann Le Ligné and Wilfried Piskula, Managing Partners - Co-Heads – EPBF, declared: “We are thrilled to partner with T1A and its visionary founder, Peter Hemicke. This investment is a perfect illustration of EPBF's strategy: to invest in profitable, high-growth companies that provid...