Waste and recycling specialist Reconomy Group has acquired Nottinghamshire-based UK Waste Solutions Limited.
The acquisition includes all four primary brands of the business – Novati, AMA, Click Waste UK, and Evolution – and its 160 employees.
Headquartered in Newark, UK Waste Solutions is a sustainability consultant and manager supporting 3,500 customers in sectors including hospitality, distribution, transport, facilities management, manufacturing and construction. It has undergone significant growth in recent years and now has 3,500 clients. Its flagship Novati brand works with clients such as Marston’s, Prezzo, Roadchef, Network Rail, CBRE and Birmingham Airport.
Reconomy, which provides sustainability technology, data and services to a broad range of industries, said that the move “further enhances its position as the largest and fastest-growing outsourced resource management solution in the UK”. It added that UK Waste Solutions’ offering across a wide range of industries is “highly complementary” to Reconomy’s existing business, and would deepen its capabilities.
The transaction follows the purchase of Denmark-based green-tech business Combineering in February. Reconomy Group recorded revenues of over £1 billion through FY 2022 across its 30 offices worldwide and is one of the UK’s largest and fastest-growing businesses operating in the circular economy, waste management and sustainability sectors.
Guy Wakeley, CEO of Reconomy Group, said: “It is a great fit with our business due to our shared commitment to developing closed-loop solutions that will accelerate the shift towards a more circular economy. The transaction is consistent with our ambitious plans to grow both organically and through further acquisitions in the UK and around the world.”
Max Kanda, managing director of UK Waste Solutions, said: “Reconomy Group’s commitment to innovation in the circular economy and well-established footprint across the UK market will strengthen our combined growth, as we will be able to offer a wider range of services to our joint customer base. We are excited to become part of one of the UK’s largest and fastest-growing companies at a critical period for meeting the challenges of resource scarcity through technology and data-led closed-loop solutions as the adoption of the circular economy becomes increasingly central to how we do business globally.”