IT lifecycle management provider Flex IT has acquired European demo partner MKCL to expand its demo services and circular IT offering.
The acquisition of MKCL is part of Flex IT's mission to lead the transition to a fully circular European IT hardware market while supporting its strategy to expand its services to IT vendors.
“With the acquisition of MKCL, Flex IT takes another big step forward in its position as a circular service provider for vendors, particularly Lenovo due to the excellent relation between Lenovo and MKCL,” said Leon Timmermans (pictured), CEO of Flex IT.
With the life expectancy of IT ranging between three to five years, the annual IT waste mountain continues to pile up. According to Flex IT, the key is to extend this life cycle to drastically reduce the environmental impact.
The acquisition will also allow Flex IT to help organisations achieve their sustainability goals by offering circular Lenovo products to the European market. The firm said the use of sustainable laptops and computers will grow in the forthcoming years, and Flex IT's acquisition of MKCL will help turn this ambition into a reality.
"We are very pleased that MKCL is becoming part of our Group,” Timmermans continued. “As well as allowing us to help companies achieve their circularity ambitions, it will strengthen our circular IT offering in Europe, and is an important milestone in our goal to become the largest demo partner in Europe.”
MKCL, which will remain active under the MKCL name, offers IT services for several global IT vendors such as Lenovo. In addition to logistics, production and trading of IT hardware, its portfolio includes demo pool management and other IT hardware services for vendors.
“I strongly believe the acquisition of MKCL by Flex IT will enable the MKCL organisation to grow to its full potential,” added MKCL CEO Michael Frautz. “Flex IT is one of the largest circular IT organisations in the world and I am proud that they have chosen MKCL to be part of their long-term strategy.”
Completion of the acquisition is subject to customary conditions, including the merger notification to the Authority Consumer & Market, and is expected to be completed in the first quarter of this year.
