Outsourced resource management and environmental services provider, Reconomy, has announced a further acquisition within the international marketplace, with an agreement to purchase Reverse Logistics Group (RLG) based in Munich, Germany
RLG is a provider of end-to-end solutions for returns management and environmental compliance to businesses in over 80 countries worldwide, helping customers deal with the increasing environmental, regulatory, and logistical demands facing businesses today. Turnover for RLG in 2020 is forecast to be greater than €170 million, which when combined with the existing Reconomy Group, takes pro-forma 2020 revenues above £465 million.
The acquisition adds an entirely new capability to the Reconomy Group and its clients, one specialising in reverse logistics. This proposition development is a key part of Reconomy’s long-term strategic plan to become a global leader in tech-enabled services to drive the circular economy.
This is the second overseas acquisition for the Reconomy Group, building upon that of Noventiz, based in Cologne.
Commenting on the deal, Reconomy’s CEO, Paul Cox, said: “This is a hugely exciting move for the Reconomy Group. Having taken our first step into the international market a few weeks ago, the acquisition of RLG gives us a truly global presence. It’s a major event in our journey, of which we are very proud. Looking at the consumer trends that will affect businesses going forward within the circular economy, we believe that broadening our capability – adding reverse logistics alongside our core resource management and environmental compliance offering – will ultimately bring significant benefit to Reconomy customers in the years to come. We’re delighted to welcome RLG’s experienced management team and all of their colleagues into the Reconomy family.”