Quantum Group completed the acquisition of Stena Recycling from Stena Metall Group.

Quantum Group, a manager of funds who invests in corporate carve-outs and other special situation across Europe, completed the acquisition of Stena Recycling, a recycler of electronics from Stena Metall Group, a recycling company of metals, paper, electronics, hazardous waste and chemicals. Financial terms were not disclosed. "Stena Recycling's refrigerator recycling operations have been part of the Stena Metall Group for a long time and has contributed to the customer offering in Germany. In the strategic review of the Group's operations, we have seen that the direction for growth in Germany needs to change and that refrigerator recycling is no longer part of the long-term strategy. With Quantum Capital Partners, as the new active owner of the refrigerator recycling business, we are convinced that the business can continue to develop in a better way to achieve its strategic goals," Kristofer Sundsgård, Stena Recycling CEO.