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Home > News > Recycling

TOMRA acquires German digital waste management solution provider

Source：Adsale Plastics Network Date ：2024-10-31 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

TOMRA has acquired 80% of the shares in c-trace GmbH, a German leader in digital waste management solutions.


TOMRA x c-trace_480.JPG


c-trace focuses on digitalizing processes in waste management operations.

 

TOMRA will initially acquire 80% of the shares in c-trace, with an option for the remaining 20%, which are held by the founders, after 2 years.

 

“This allows TOMRA to broaden our offering in the waste management and recycling space and adds new digitalization capabilities across the recycling value chain,” said Tove Andersen, President and CEO of TOMRA.

 

Founded in 2005, c-trace offers advanced solutions that combine software and hardware modules to digitize and improve the process for waste management operations. Its strong focus on new AI driven capabilities has generated market interest and is opening new market opportunities in the segment.

 

“Together with TOMRA we can unlock further value through collaborating on innovation, but also through leveraging TOMRA’s international footprint and customer base to reach new customers in new geographies,” stated Helmut Ziegler, Torsten Olschewsky, and Michael Eikelmann, founders of c-trace, in a joint statement.

 

TOMRA's acquisition of c-trace aligns with the strategy outlined during the 2024 Capital Markets Day where the company said they would seek to develop adjacent business building, also through M&A.

 

The addition of c-trace will support TOMRA’s goal of driving additional profitable growth and diversifying its revenue streams while broadening its market impact.


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Recycling
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TOMRA
 SACMI (SHANGHAI) MACHINERY EQUIPMENT CO., LTD.      
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 SHANGHAI SMART NEW MATERIALS CO.,LTD      
 HANGZHOU JUHESHUN NEW MATERIAL CO., LTD.      
 WINDORA MATERIALS LLC      
 HEBEI MINGMAI TECHNOLOGY CO., LTD.      
 Quanzhou Juyuan Plastic Machinery Co.,Ltd.      
 QINGDAO HAIRUITE CHEMICAL MATERIAL CO., LTD      
 WUXI ADVANCE TECHNOLOGIES, INC      
 ANHUI SHANHE NEW MATERIAL CO., LTD.,      
 FUJIAN CHALLENGE WOLVES TECH. CO.,LTD      
 ZHEJIANG HAIGONG MACHINERY CO.，LTD      
 ZHANGJAGANG RONGSHENG MACHINERY CO.,LTD      
 JIANGYIN DEBAO NEW MATERIAL TECHNOLOGY CO.,LTD      
 ANHUI ZHONGXIN HONGWEI TECHNOLOGY CO.,LTD      
 WUXI SONGHUXINRUI MACHINERY CO., LTD.      
 NINGBO JINGHAI PIGMENT CO., LTD      
 Shanghai DODGEN Chemical Technology Co., Ltd.      
 SHANGHAI QIRAIN NEW MATERIALS CO., LTD.      
 TAIZHOU HUANGYAN AOJIE PLASTIC MOULD CO., LTD.      

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Source：Adsale Plastics Network Date ：2024-10-31 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

TOMRA has acquired 80% of the shares in c-trace GmbH, a German leader in digital waste management solutions.


TOMRA x c-trace_480.JPG


c-trace focuses on digitalizing processes in waste management operations.

 

TOMRA will initially acquire 80% of the shares in c-trace, with an option for the remaining 20%, which are held by the founders, after 2 years.

 

“This allows TOMRA to broaden our offering in the waste management and recycling space and adds new digitalization capabilities across the recycling value chain,” said Tove Andersen, President and CEO of TOMRA.

 

Founded in 2005, c-trace offers advanced solutions that combine software and hardware modules to digitize and improve the process for waste management operations. Its strong focus on new AI driven capabilities has generated market interest and is opening new market opportunities in the segment.

 

“Together with TOMRA we can unlock further value through collaborating on innovation, but also through leveraging TOMRA’s international footprint and customer base to reach new customers in new geographies,” stated Helmut Ziegler, Torsten Olschewsky, and Michael Eikelmann, founders of c-trace, in a joint statement.

 

TOMRA's acquisition of c-trace aligns with the strategy outlined during the 2024 Capital Markets Day where the company said they would seek to develop adjacent business building, also through M&A.

 

The addition of c-trace will support TOMRA’s goal of driving additional profitable growth and diversifying its revenue streams while broadening its market impact.


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TOMRA acquires German digital waste management solution provider

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