Reconomy Group acquires RENE AG to expand global WEEE and environmental compliance offering

·       Reconomy Group company, Reverse Logistics GmbH (RLG), is taking over RENE AG, a German service company for compliance solutions in the field of recycling management / WEEE that has been established since 2005, with retrospective effect from 1 January 2022.

·       The takeover fits Reconomy Group’s strategy as an asset light company to further expand its leading role as a comprehensive provider of global compliance solutions.

·       RENE complements Reconomy Group’s range of compliance schemes in Europe, and offers attractive solutions for data management and payment services for customers in B2B and B2C markets.

·       Through the acquisition, Reconomy Group’s Comply Division can now offer customers unique access to a high-quality, global recycling network and thus provide effective and environmentally friendly logistics solutions.

Reconomy Group has acquired RENE AG, based in Eppishausen in the Allgäu, Germany. RENE AG has 17 years of experience in the field of electrical and electronic equipment, batteries and packaging regulations, operating in over 60 countries worldwide.

Reconomy Group’s Comply Division consists of Valpak (UK), Noventiz (Germany) and RLG (International, HQ in Germany), already providing a comprehensive global sustainability consultancy and environmental compliance service to major customers in all sectors. RENE AG will be primarily aligned to RLG, where the combination of complimentary services will bring significant benefit to customers. Both companies run WEEE and battery takeback systems and have networks of approved recyclers, so this move expands the overall geographical reach and capability. For example, RENE AG in Denmark operates its own take-back system for old electronic devices, while RLG has established itself in a large number of other countries in and outside of Europe.

RENE AG fits perfectly with the tech-enabled, asset-light model of Reconomy Group and beyond the WEEE, battery and compliance schemes will add further expertise in data management, reporting, consulting and payment services for B2B and B2C markets, resulting in customers across all industries being able to access everything they need under one roof. 

Commenting on the acquisition, Patrick Wiedemann, CEO of RLG and Divisional CEO for Comply at Reconomy Group, said: “This deal is the next step in positioning Reconomy Group even more broadly and expanding our global footprint. RENE is a great addition and culturally fits in perfectly with us due to the asset-light approach of the Group and our Comply Division brands. In addition to the WEEE system in Denmark, the international recycling network is particularly exciting for us, but the combination also offers significant potential all round in the other service areas, and an expanded range of services for the customers of both companies."

Maximilian Scheppach, CEO of RENE, added: "With their high standards, Reconomy Group and RLG will be excellent partners for our customers, which will invest in our products and continue the traditional strength of RENE as a comprehensive provider with a high service orientation on a national and international level. International customers are also looking for efficient, unbureaucratic solutions for financing flows. To this end, RENE AG brings its many years of experience in reverse factoring to the cooperation”. 

Reconomy Group CEO, Paul Cox, concluded: “The acquisition of RENE is part of our strategic roadmap to make Reconomy Group the leading global player for environmental compliance and sustainable solutions for the return of products and materials. We have enjoyed phenomenal recent growth in our Comply division, serving over 80 countries worldwide. We’re sure that the addition of RENE will strengthen our offering even further, helping us to work towards our purpose of creating a truly sustainable world by conserving finite resources. We warmly welcome all RENE colleagues into the Reconomy Group family”.

The parties have agreed not to disclose details of the contract and the purchase price.

The press information can be found under 

https://rev-log.com/reconomy-acquires-rene-ag/

Contact for journalists:

Patrick Wiedemann

Phone: +49 89 49049112

Email: patrick.wiedemann@rev-log.com

Ends

Editors notes

RLG, a Reconomy Group company (Aschheim) is a technology-enabled and asset-light organization with a highly scalable platform connecting all stakeholders within the reverse logistics value chain. RLG addresses global product and material returns challenges through technology to generate value from product returns and ensure regulatory compliance on a global scale. We partner with manufacturers, retailers and government organizations to provide new levels of business intelligence, resource efficiency and customer satisfaction.

Our vision is to support the transformation into a sustainability-oriented economy with our solutions by helping our customers to close their product and material cycles and thus promote the circular economy.

RLG has a global presence with over 700 employees and branches in more than 20 European countries, America and Asia. We work with clients in over 80 countries and over €2 billion in assets for some of the largest OEM, e-commerce and retail companies in the world.

Our own take-back systems within the framework of WEEE, batteries and packaging complement each other with solutions for the can deposit and the automotive sector .

RLG is a Reconomy Group company. Reconomy Group is an innovative, technology -driven service provider with a focus on the circular economy. Reconomy Group helps companies around the world improve their ESG scores and offers services in three main verticals: recycling, compliance and reuse

Further information can be found on the Internet at https://www.rev-log.com/

RENE AG ( Eppishausen ) was founded in 2005 as part of the European WEEE directive and, as a service provider, comprehensively handles the tasks that result from the extended product responsibility for manufacturers. Manufacturers can efficiently and cost-effectively delegate their tasks to RENE. For this purpose, RENE has developed the necessary software, which supports the processes accordingly and is connected to the software systems of the manufacturers. As a central contact person ( single period of contact ) coordinates and provides RENE with all services such as law monitoring, quantity recording, registration, billing and, last but not least, recycling for its customers. A considerable reduction in complexity and thus significant cost savings are the daily reality for RENE customers.

A highlight of RENE AG is the management and control of the international recycling network for old electronic devices. For manufacturers who operate internationally, this network is of essential importance for the return, transport and recycling of so-called B2B products. RENE currently operates a global network of recycling companies in 67 countries.

Orders are accepted and the logistics and recycling processes are controlled via an international internet platform developed in-house: www.myrene.net. RENE can thus pick up old electronic devices for 80 RENE recycling contract partners in North and South America, Europe, Africa, the Middle East, as well as in the major countries in Asia and Australia and recycle them in the respective country. Recycling partners have a DIN ISO 14.001 certification as a central quality feature.

In addition, RENE operates its own take-back systems in Denmark, Germany and the UK for the return of B2C electrical equipment (household electrical equipment).

Further information can be found on the Internet at https://www.rene-europe.com/