Recycling business sale ‘creates UK powerhouse’
Ucan Secure IT, a large-scale provider of recycling services for redundant IT equipment, has been sold to EGO Technology.
Founded in 2010, Bradford-based Ucan collects and securely disposes of equipment including desktop computers, laptops, hard drives, tablets, mobile phones and printers, whilst also offering data destruction solutions.
The company operates in Yorkshire and across the UK, working with businesses and authorities including schools and universities, and has been recognised as a zero landfill organisation.
In a transaction advised upon by Andrew Dodd, KBS corporate director, Ucan was sold to EGO Technology, a secure IT disposal company with over 30 years of experience in sustainable recycling solutions.
EGO, based in Burton-on-Trent, described its acquisition as “creating a UK powerhouse in sustainable IT asset disposal and rare earth metal recovery”.
Ian Austin, EGO’s CEO, said: “This acquisition is a key milestone in our growth strategy, and significantly strengthens our position in IT asset disposal solutions.
“By integrating Ucan’s recycling and streaming capabilities, along with their strong team and shared vision for environmental stewardship, and the circular economy, we will create a vertically integrated model that enhances our ability to recover all valuable materials, including increasingly important rare earth metals.
“Working together, we are poised to achieve remarkable things.
“Crucially, this acquisition reinforces our commitment to supporting the wider ITAD (IT Asset Disposition) and IT disposal industry by providing robust, UK-based recycling solutions that ensure compliance, and minimise environmental impact.”
EGO believe the integration of Ucan will “provide a comprehensive, end-to-end service for businesses throughout a cross-section of industries seeking maximum value and accountability for their surplus IT hardware”.
Austin added: “We are forging new standards in secure IT disposal, tackling complex waste streams head-on, and will enable ITAD companies to provide high-integrity reporting for WEEE (Waste Electrical and Electronic Equipment) waste.
“Everything we truly value comes from nature, and everything we truly value depends on it. This partnership allows us to further our commitment to sustainable practices and resource recovery, and we couldn’t be more excited about the future.”
KBS Corporate’s Andrew Dodd said: “Both Ucan Secure IT and EGO Technology were a pleasure to work with, and I wish them all the very best for the future.”
