Announced

Completed

Trove completed the acquisition of reverse.supply.

Synopsis

Trove, a branded resale and customer trade-in company, completed the acquisition of reverse.supply, a German-based branded resale market company. Financial terms were not disclosed. "The acquisition comes at a strategic time as changing European legislation around producer responsibility and right-to-repair creates urgency for brands to establish effective resale, repair, and recycling programs. By establishing our European headquarters in Berlin with a team that's been operating in resale for nearly five years, we're positioned to serve European and global brands seamlessly across regions and provide them with the full capabilities they need to launch and scale successful resale programs," Terry Boyle, Trove CEO.

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