Redeem Holdings Ltd., a mobile phone recycling company based in the United Kingdom, has announced the acquisition of two Madrid-based companies: Eco Mobile Green Centre SL (trading as Mobilepoint) and Insitu Moviles SL.
Redeem says the acquisitions will enable it to roll out its processing platform and refurbishment capacity throughout continental Europe. The company now operates in 22 countries. The acquisitions add repair and logistics capabilities to the Redeem Group “while enhancing its existing mobile recycling and take-back management expertise,” the company says in a press release.
“The acquisitions of Mobilepoint and Insitu Moviles take Redeem further into Europe by building our recycling and repair capabilities and providing access to major contracts with Spanish mobile network operators and large corporates,” says Claes Svensson, CEO of Redeem Group.
“Spain is a growing market for electronic devices,” he continues. “These latest acquisitions will allow us to give Spanish customers enhanced opportunities to trade up to the latest technology by obtaining the optimum value for their used devices. Mobilepoint and Insitu Moviles provide Redeem with the perfect platform to roll out new services into the Spanish market allowing us to replicate the success we have achieved in other markets across Europe.”