November, 15th, 2023
Kimbrer Computer acquires Renewtech as a part of its journey to become one of the leading companies within Circular IT in Europe
The Danish company Kimbrer Computer, a supplier of used IT equipment, today acquired the Dutch circular IT company Renewtech. This acquisition marks the first step for the Swedish investment fund Trill Impact, the owner of Kimbrer, in the journey of consolidating the European market for circular IT.
The acquisition of the Dutch company Renewtech immediately strengthens Danish Kimbrer Computer's efforts to become a "one-stop-shop" for trade and service in the field of refurbished IT equipment—a sector that generates billions in revenue on a European scale today.
The Danish company is a front runner within trade of server and storage, while the core of the business within the Dutch company lies within networking solutions. With this additional aspect of the business, Kimbrer Computer is now positioned to become a circular IT one-stop-shop within critical IT-infrastructure for end-users.
"Renewtech and Kimbrer are a perfect match. We are specialists in our respective fields, meaning that in the future, customers only need to shop in one place," says the CEO of Kimbrer Computer, Bjarne Aarup Andersen.
"Renewtech and Kimbrer are a perfect match. We are specialists in our respective fields, meaning that in the future, customers only need to shop in one place"
Bjarne Aarup Andersen, CEO of Kimbrer Computer
The acquisition of Renewtech also marks the beginning of Kimbrer Computer's journey to become Europe's leading one-stop-shop in the circular IT sector—a strategy initiated by the investment fund Trill Impact, which acquired Kimbrer Computer last year with the goal of consolidating the European market for circular IT.
"Circular IT is inherently impactful by significantly reducing the CO2 footprint on a very heavy CO2-producing product group. We believe that this market is fundamentally attractive with very strong fundamental growth drivers supported by sustainability- and regulatory trends. This aligns perfectly with Trill Impact’s focus on sustainable and impactful investment," explains Nina Hoffmann von Holten, Investment Director at Trill Impact Advisory in Denmark, focusing on Impact Private Equity..
The acquisition of Renewtech builds upon a long-term partnership, providing a solid foundation for a new and stronger Kimbrer.
"We have been working closely together for many years. We know each other, our values, and our ways of working. This also applies to many of our employees. This creates a good basis for the acquisition because we know there is already mutual respect," says Bjarne Aarup, CEO of Kimbrer.
“Renewtech has been on an incredible journey and I’m pleased that we now with Kimbrer can create an even stronger position in the market as we are combining a lot of knowledge and experience in circular IT”, says Roger van Norden, CEO of Renewtech.
Kimbrer Computer has an ambitious sustainability profile with multiple ISO certifications in areas such as environmental management. Since its inception, the company has adopted a circular business model, where refurbished IT products reduce the carbon footprint by up to 90% compared to new IT products. This business model aligns perfectly with market trends and regulations in sustainability and ESG reporting.
“Renewtech has been on an incredible journey and I’m pleased that we now with Kimbrer can create an even stronger position in the market as we are combining a lot of knowledge and experience in circular IT"
Roger Norden, CEO of Renewtech
How does this affect you?
As a customer, the acquisition will not have any consequences. We will continue our existing collaborations, and the communication with our customers will proceed as before.
We are now simply a larger and stronger circular IT company, offering our customers even more products, services, and expertise in server, storage, and networking hardware. Our customers now only need to shop in one place while simultaneously reducing their costs. Our expanded expertise means that we can now find the perfect solutions for our customers' IT departments and offer extended services in areas such as repair and maintenance, thus contributing to extending the lifespan of our customers' products.
Q & A - Customers
Q: Which benefit will I get as customer from Kimbrer acquiring Renewtech?
A: Together, we will expand our product capabilities and product range by offering services as TPM, ITAD, and repair, and be able to provide our customers with an even broader range of products and services by becoming a one-stop-shop for our customers while lowering their TCO.
Q: I am a customer of both Kimbrer Computer and Renewtech, who will I be contactning in the future?
A: If you are trading with both companies today, you can continue to do so in the future as well. We will ensure that your contact persons are still your contact persons tomorrow.
Q: I have an agreement with Kimbrer Computer today regarding servers and storage equipment. I also wish to acquire networking, who should i contact?
A: Contact your existing sales consultant at Kimbrer Computer and your consultant will guide you with networking supported by a Renewtech networking specialist.
Q & A - Sourcing/Suppliers
Q: How will the acquistion impact my relationship with Kimbrer/Renewtech?
A: As starting point it will not be changed. In some instances, it makes sense to combine our sourcing or procurement in one agreement which provide opportunities for the sourcing partner or supplier to increase its sale to us going forward.
Q: Are already placed order still valid?
A: Yes, all orders are still valid.
Q: Will we be asked to ship squipment or products to new locations?
A: Existing orders should be shipped to the agreed locations. Going forward we might agree to ship sourced products to specific locations being mainly networking to Amsterdam and server and storage to Aars.