Sims Group Completes Acquisition of UK Firm

Sims Group ltd. has completed the acquisition of Life Cycle Services in the United Kingdom. The deal is expected to strengthen Sims’ information technology asset management capability, and position Sims Recycling Solutions as one of Europe’s leading operators in the business to business market.

LCS specializes in asset refurbishment, redeployment and secure disposal of ICT equipment. It also owns tracking software by which clients can monitor the processing of their technology assets on-line. This software can be rolled out across the Sims Recycling Solutions client base globally.

Jeremy Sutcliffe, Sims’ chairman, Europe & Australia and executive director, said, "The LCS acquisition represents a key step in the evolution of Sims Recycling Solutions as a service-led asset management business. The combination of Sims’ global infrastructure and LCS’ commercial expertise, systems capability and blue chip client base, will enable us to offer the market a powerful multi-national ICT asset management proposition. "While local or regional contracts will continue to be awarded, multi-national clients requiring uniformity of service standards and cost minimization outcomes are increasingly seeking asset managers with international or multi-country capability.

"The acquisition will also enable us to realize further commercial and operational synergies from our recent acquisition of RecommIT and our existing e-recycling businesses, and further strengthen our management team."