The LCS acquisition represents a key step in the evolution of Sims Recycling Solutions
Jeremy Sutcliffe, Sims
After taking over Wiltshire IT firm RecommIT in February (see letsrecycle.com story), the metal recycling giant has completed an acquisition of Hounslow company Life Cycle Services.
LCS specialises in the refurbishment, redeployment and secure disposal of IT equipment, which it picks up and delivers to a network of processing facilities.
The company also owns tracking software which enables clients to monitor how their equipment is processed – from remarketing to disposal- which Sims could role out across its own client base.
Jeremy Sutcliffe, Sims executive director and chairman for Europe and Australia said;: “The LCS acquisition represents a key step in the evolution of Sims Recycling Solutions as a service-led asset management business.
“The combination of Sims' global infrastructure and LCS' commercial expertise, systems capability and blue chip client base, will enable us to offer the market a powerful multinational ICT asset management proposition,” he added.
Mr Sutcliffe claimed that the acquisition would also help Sims to win more business from multi-national clients.
He said: “While local or regional contracts will continue to be awarded, multi-national clients requiring uniformity of service standards and cost minimisation outcomes are increasingly seeking asset managers with international or multi-country capability.”
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