TOMRA acquires German digital waste management solution provider

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

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.