Eurazeo Invests in T1A to Create a European IT Asset Disposition Platform
Investment group Eurazeo has acquired a majority stake in T1A Group, a Danish specialist in IT equipment refurbishment. This acquisition, the third investment from its fund dedicated to the circular economy, marks Eurazeo's entry into Denmark and is part of a strategy to consolidate the sector across Europe.
A Key Player in IT Refurbishment: Over 250,000 Units Refurbished Annually
T1A specializes in the responsible disposition of end-of-life IT equipment. Founded in 2001 and based in Denmark, the company refurbishes over 250,000 IT units each year, including laptops, data servers, and network equipment primarily from the corporate sector. Approximately 90% of these materials are recirculated for reuse. This approach addresses a growing challenge: the management of electronic waste, which is exacerbated by the accelerated demand for new equipment. T1A reduces carbon emissions by replacing new manufacturing with refurbishment, decreases water consumption related to industrial production, and prevents soil and water contamination from hazardous substances contained in electronic devices.
Building a Pan-European Platform
Through its fund dedicated to planetary boundaries (EPBF), Eurazeo supports T1A's ambitious growth strategy, which combines organic expansion and targeted acquisitions. The goal is to establish a dominant ITAD (IT Asset Disposition) platform in Europe, expanding geographically into Germany, Benelux, the United Kingdom, and France. Peter Hemicke, founder of T1A, retains strategic leadership and remains a significant co-investor alongside the Eurazeo fund. The Paris-based investment group manages 39 billion euros in diversified assets, including 30 billion managed on behalf of third parties (institutional investors and private clients), across its private equity, private debt, real estate, and infrastructure activities.
Alignment with Three Major Environmental Challenges
This acquisition directly aligns with the strategy of the Eurazeo fund dedicated to planetary boundaries. T1A contributes to the preservation of three ecological boundaries: climate change through avoided carbon emissions, freshwater availability through savings compared to new manufacturing, and pollution through responsible electronic waste management. The company has a history of profitable growth and is recognized for its operational excellence in reducing IT waste.
