Flex IT and T1A Group today announced the completion of their combination, forming a European platform in circular IT with revenue of approximately €150 million.
The two businesses sit at opposite ends of the same value chain. T1A, founded in Denmark in 2001, collects corporate IT equipment at the end of first use, and performs certified data erasure and refurbishment.
Flex IT, founded in 1991 and headquartered in Leiden, the Netherlands, distributes new and refurbished IT hardware across Europe through a network of approximately 13,000 resellers, and operates certified refurbishment capacity in Toruń, Poland, alongside rental and demo services.
Combining the two closes the loop. A device retired by a corporate client can now be collected under contract, processed at whichever certified site is most appropriate, and sold into the market and channel where it holds the most value - within a single group. Both businesses hold R2v3 certification, and the combined group operates certified processing across Denmark, the Netherlands and Poland.
The transaction is backed by the Eurazeo Planetary Boundaries Fund ("EPBF"), which acquired a majority stake in T1A in May 2026 and has now funded the acquisition of Flex IT with the support of Dansk Vækstkapital.
As part of the partnership, Angelo Bul, Chief Executive of Flex IT, becomes Chief Executive of the combined group. Peter Hemicke, founder of T1A, becomes Executive Chairman, focusing on group strategy, and remains a co-investor alongside EPBF.
Angelo Bul, Chief Executive Officer, shared:
"The hard part of circular IT has never been finding a buyer for a good second-life laptop. It is getting hold of the laptop in the first place. Far too much corporate hardware is still scrapped, or left in a cupboard for three years, without anyone ever asking whether it could be used again.
Together with T1A we can now take responsibility for the whole life of a client's equipment, from the day it arrives to the day it leaves and beyond. That is what makes reuse the normal choice rather than the virtuous one."
According to Peter Hemicke, Executive Chairman, collecting corporate IT and refurbishing it to a certified standard is a discipline, and it took us twenty-five years to build.
"Selling it across Europe, at the right price and into the right market, is a different discipline, and Flex IT has spent longer still building that.
Neither of us could have built the other side from scratch in any sensible timeframe. What we can do now is take a device out of a company in one country and put it back to work in another, under warranty, with the chain of custody intact."
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