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Australian cleantech Greenbox Group to acquire New Zealand RemarkIT

Circular economy cleantech Greenbox Group has consolidated its position as the region’s leading provider of sustainable technology lifecycle management with the acquisition of New Zealand’s market leader, RemarkIT.

The investment represents a significant expansion of Greenbox Group’s sustainable management of technology – including e-waste management, desktop as a service, refurbishment and recycling operations in APAC, to meet growing corporate demand.

E-waste is a growing challenge globally that not only misuses valuable resources but also generates hazardous materials in landfill.

Greenbox Group Chief Executive Officer, Ross Thompson, said the acquisition brought together market-leading companies across two nations, allowing for greater innovation and an enduring focus on ESG priorities.

“Our companies already share a focus on creating new solutions to the challenge of managing technology assets sustainably,” he said.

“This acquisition will allow us to utilise and expand our research and development in world-leading circular economy practices.

“We plan to integrate RemarkIT to our Group to ensure its operations will be certified carbon neutral. This will help companies, tertiary institutions and government agencies in New Zealand to reduce their carbon emissions.”

Greenbox Group will take on the established operations of RemarkIT, which has serviced some of New Zealand’s largest organisations since 2000. RemarkIT currently has three facilities, in Auckland, Wellington (Upper Hutt) and Christchurch, that employ more than 60 experienced technology specialists.

Greenbox Group supports companies to decarbonise, especially to reduce their scope 3 emissions from across their entire value chain, through carbon-neutral services. This helps organisations to fulfil their environmental, social and governance (ESG) goals with management of technology assets, such as data centre equipment, laptops, audio visual equipment and smart devices such as tablets and mobile phones.

Greenbox Group has the world’s leading certifications on sustainability and cyber security, including 20 ISO certifications, R2v3 certifications via Sustainable Electronics Recycling International across all its high-security facilities, and it is 100 per cent carbon neutral certified by the Australian Government agency, Climate Active.

Without the Greenbox Group’s industry best practice approach, an additional 73,378 tonnes of carbon dioxide would have been emitted and 121 tonnes of noxious elements would have been dumped in landfill.

RemarkIT Founder Tim Findlay said they were excited to be joining forces with Greenbox Group.

“Bringing together our firms will mean better and more sustainable outcomes for our valued clients,” he said. “We share a commitment to social responsibility, and we look forward to expanding our popular not-for-profit Digital Wings Trust to further reduce waste and help young people access technology.

“We will continue to provide great IT asset lifecycle management, underpinned by carbon neutral processes.”

According to Australia’s Department of Climate Change, Energy, Environment and Water, the average Australian produced 20kg of electronic waste in 2019, almost triple the global average. This volume is expected to rise almost 30 per cent by 2030.

In New Zealand, recycling of waste electrical and electronic equipment is limited.