Foxway completed the acquisition of Flip4.

Foxway, a IT-lifecycle management company, completed the acquisition of Flip4, a German recommerce specialist. Financial terms were not disclosed. “Our ambition is to show that profitability and sustainability go hand-in-hand. We are enabling that by providing a unique business model and by changing people’s way of consuming IT devices. We are the leading recommerce company in the Nordic region, but in order to make a real impact we need to expand our focus to new markets. We start with Europe as the next step,” Martin Backman, Foxway Group CEO.