Backed by Eurazeo and Dansk Vækstkapital, the newly combined group will unite corporate IT collection, secure data erasure, certified refurbishment and pan-European distribution under one organisation.

Leiden, Copenhagen and Paris, 7 September 2026: Two established names in Europe’s circular technology market have completed a combination that promises to reshape how corporate IT equipment is collected, refurbished and returned to productive use.

Flex IT and T1A Group have joined forces to create a European circular IT platform generating approximately €150 million in revenue. The transaction is backed by the Eurazeo Planetary Boundaries Fund, which acquired a majority stake in T1A in May 2026 and has now financed the acquisition of Flex IT, with support from minority investor Dansk Vækstkapital, also known as Danish Growth Capital.

The commercial logic behind the combination is straightforward. T1A and Flex IT have spent decades building expertise at different ends of the same value chain.

T1A, founded in Denmark in 2001, works at the point where corporate equipment reaches the end of its first use. It collects devices from businesses, securely erases the data they contain and refurbishes them to certified standards.

Flex IT, established in 1991 and headquartered in Leiden, the Netherlands, takes such equipment back to market. It distributes refurbished, demo and new IT hardware throughout Europe through a network of approximately 13,000 resellers. The company also operates certified refurbishment facilities in Toruń, Poland, alongside rental, demonstration and IT asset disposition services.

Together, the companies can now manage the full journey of a corporate device within a single group.

A laptop retired by a business in one European country can be collected under contract, securely processed at the most appropriate certified facility, refurbished and sold through the market or reseller channel where it holds the greatest value. Throughout that journey, the device’s chain of custody can be maintained.

Both businesses hold R2v3 certification, while the combined group now has certified processing operations across Denmark, the Netherlands and Poland.

Turning corporate IT waste into reusable assets

The transaction comes as companies across Europe face growing pressure to manage retired technology more securely and sustainably.

Large quantities of usable corporate equipment remain in storage or are sent for recycling and disposal without first being properly assessed for reuse. By bringing collection, data erasure, refurbishment, remarketing and distribution together, the combined business intends to return more equipment to productive use, extend device lifetimes and reduce both electronic waste and the loss of valuable materials.

The strategy closely reflects the objectives of the Eurazeo Planetary Boundaries Fund, which invests in European businesses capable of delivering measurable environmental benefits. Its areas of focus include circularity, waste and packaging, refurbishment, recycling, resource recovery and the sharing and second-hand economy.

Eurazeo’s involvement will provide the combined group with growth capital, environmental impact expertise and a science-based framework for measuring progress over time.

Angelo Bul appointed group CEO

Angelo Bul, Chief Executive Officer of Flex IT, becomes CEO of the combined group.

Peter Hemicke, who founded T1A, has been appointed Executive Chairman. He will focus on the group’s wider strategy and will remain a co-investor alongside the Eurazeo Planetary Boundaries Fund.

Bul said the real challenge in circular IT is not finding buyers for high-quality refurbished devices, but ensuring that corporate equipment enters the reuse market in the first place.

“The hard part of circular IT has never been finding a buyer for a good second-life laptop. It is getting hold of the laptop in the first place,” Bul said.

He noted that too much corporate hardware is still scrapped or left unused in storage for several years without being assessed for a second life. Through the combination with T1A, the group will be able to take responsibility for equipment throughout its lifecycle and make reuse a normal commercial choice rather than simply an environmental gesture.

Hemicke described the deal as the union of two highly specialised capabilities that would have taken either business many years to build independently.

“Collecting corporate IT and refurbishing it to a certified standard is a discipline, and it took us twenty-five years to build,” he said. “Selling it across Europe, at the right price and into the right market, is a different discipline, and Flex IT has spent longer still building that.”

The combined platform, he added, will be able to remove equipment from a company in one country and return it to productive use in another, under warranty and with its chain of custody preserved.

Further acquisitions expected

The combination is unlikely to mark the end of the group’s expansion.

With the financial support of the Eurazeo Planetary Boundaries Fund and Dansk Vækstkapital, the business intends to pursue further external growth. Its strategy will include expanding into additional European markets and broadening its portfolio of circular IT and IT asset disposition services.

The ambition is to build a European leader capable of handling the entire circular IT process, from the moment equipment leaves its original corporate owner to the point at which it begins a second productive life.