Announced
Completed
Financials
Sources
Tags
United Kingdom
lifecycle management software
Completed
Friendly
IT Services: Other
Cross Border
Acquisition
Majority
Private
Single Bidder
Private Equity
Synopsis
Foxway, a provider of IT life-cycle management solutions, completed the acquisition of Global Resale, a provider of lifecycle management solutions for technology assets, from Brightstar Capital Partners, a private equity firm. Financial terms were not disclosed. "We are pleased to welcome Global Resale to Foxway. This is a strategic acquisition to strengthen our position within circular tech in Europe. Our mission is to enable sustainable tech to the market, by providing circular IT services that extend the hardware’s lifetime and reduce its climate impact. With the Global Resale’s team of experts within circular tech, we will join our forces to change the tech industry to be and act more sustainable," Martin Backman, Foxway CEO.
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