Tomra Systems ASA signed an agreement to acquire 100 percent of the shares in TiTech Visionsort AS from Ferd AS.
TiTech provides technology solutions for identification and recovering of high-value material fractions, such as packaging and paper. This creates the basis for more effective recycling in non-deposit markets.
TiTech has installed more than 600 systems worldwide, and currently has activities in among other Germany, Spain, the United Kingdom, Italy, Japan and the United States.
Through the acquisition of TiTech TOMRA is expanding its recycling technology portfolio. The incorporation of TiTech into TOMRA's Recycling Solutions Division will also strengthen the Group's presence in non-deposit markets. TOMRA and TiTech will be able to offer fully complimentary recycling technology solutions comprised of TiTech's back-end sorting systems at processing facilities and TOMRA's newly developed automated recycling centers.
Latest from Recycling Today
- Cards Recycling, Live Oak Environmental merge to form Ecowaste
- Indiana awards $500K in recycling grants
- Atlantic Alumina partners with US government on alumina, gallium production
- GP Recycling president retires
- Novelis Latchford commissions new bag houses
- UK facility focuses on magnet recycling
- Aduro revenue increases while losses widen
- Worldsteel updates its indirect steel data
