Singapore-based TES will invest $1.29 million to establish a new information technology asset disposition (ITAD) center in Spotsylvania County, Virginia. Virginia competed with Delaware and Maryland for the project, which will create 25 new jobs, according to a news release from Virginia Gov. Ralph Northam.
The TES facility will offer ITAD services, including data destruction, data center decommissioning, refurbishment and recycling. The Virginia Economic Development Partnership worked with Spotsylvania County, the Fredericksburg Regional Alliance at the University of Mary Washington and the Virginia Department of Environmental Quality to help secure the project.
“Companies like TES help strengthen the commonwealth’s reputation as one of the nation’s largest tech hubs for companies of all sizes,” Northam says in the release. “Much of Virginia’s job growth in the coming years is projected to be in information technology, and by locating in Spotsylvania County, TES is ensuring that these opportunities reach every corner of our commonwealth.”
Founded in 2005, TES says it processes millions of devices annually across 38 locations in 22 countries. The company is backed by Malaysian private equity firm Navis Capital Partners.
“With the opening of our new Virginia facility, TES reaffirms its commitment to providing full lifecycle IT solutions for clients all over the world,” says TES Chief Commercial Officer Eric Ingebretsen. “We understand the importance of safe, efficient and reliable IT asset disposition services, and this center gives us the ability to provide those services for customers in another vital region of the country.”