Joint venture is struck with Mexico City-based recycler.
Electronics recycling and reverse logistics firm E-Waste Systems Inc. (EWSI) Los Altos, Calif., has entered the Mexican market through a joint venture and management agreement with Scoex S.A. de CV, based in Mexico City. The deal includes rights to eWasteTrack and eWaste’s cloud-based technology.
“We have been in discussions with the Scoex team for many months now and are thrilled to reach this agreement,” says Martin Nielson, founder and CEO of EWSI. “Our global brand now enters the important market of Mexico. We are also adding a most needed and unique technology offering and helping to accelerate our revenue at the same time—all in direct support of our key 2013 strategy.”
Nielson continues, “The Scoex team of technically savvy professionals has created an integrated global platform from source to destination that we can use to weed out improper transport and import/export trading, and ensure compliance while streamlining the entire trading process. The commercial synergies possible with the Mexico-California presence of our two companies are expected to be used as solid building blocks for our growth.”
Scoex’s CEO Armando Flores says, “We are thrilled to participate in this fast-growing, high-value industry. EWSI is a partner with a fast growing international reach and a spotless reputation. We think our technology and our presence in Mexico will provide a great complement to EWSI and together we expect to be able to create excellent value in the marketplace. Scoex and EWSI share a common concern about the negative ecological impact that inefficient and improper trading can cause around the world and this venture is designed to support changes and improvements accordingly.”