Blue Planet acquires Globecycle Holding.

Blue Planet Environmental Solutions, a Singapore headquartered company, acquired Globecycle Holding, a Malaysian waste management company that specializes in handling industrial waste. Financial terms were not disclosed. Blue Planet is Asia’s leading end-to-end sustainable waste management solutions enterprise. The latest acquisition expands Blue Planet’s operational footprint, which currently covers Singapore, India, Vietnam and the United Kingdom. “Industrial waste in developing countries are often a source of great distress if mismanaged. Practices like illegal open dumping and burning of waste is made even more dangerous if municipal waste is contaminated by industrial waste, which often includes heavy metals and toxic chemicals,” Madhujeet Chimni, BluePlanet founder and chairman.