Sims Metal Management Expands its SRS European Operations

Sims Metal Management Ltd. has expanded its Sims Recycling Solutions European operations by acquiring two computer and information technology asset recovery companies, Device, based in the Netherlands, and the German company ergoTrade.

Device has operations in the Netherlands, Poland and the Czech Republic, while ergoTrade has operations in Germany and Hungary.

In a release announcing the deal, Graham Davy, CEO of Sims Recycling Solutions Global, says, “With these acquisitions, Sims Recycling Solutions will become the market leader in Germany for ICT asset recovery. Our unique setup of sites across Continental Europe will enable us to strengthen our service offerings to clients with multi-national responsibilities. The two businesses, Device and ergoTrade, bring expertise within their local and neighboring markets and a number of synergies, which lead the field in providing solutions to the European WEEE Directive’s challenge of reduce, re-use, recycle.”