Renewtech

Renewtech is a trusted B2B supplier of refurbished IT Enterprise hardware

At a glance

Year of investment: 2022
Revenues 2022: DKK 308m
Number of FTEs 2022: 56
CEO: Bjarne Aarup

Website

Business description

Renewtech purchases used critical IT infrastructure from suppliers. The data is then securely erased, and the hardware is sorted, tested, refurbished, cleaned and stored, before being sold to B2B customers worldwide through direct webstore, brokers or KAM. Renewtech’s refurbished products provide a 90% lower CO2 footprint than primary material.

Renewtech is the result of Kimbrer Computer acquiring Renewtech in 2023 and rebranding the group to Renewtech in 2024.

“We are excited to join forces with Trill Impact. They are a great match with Renewtech as our values and ambitions on both sustainability and growth align. Trill Impact wishes to build on our existing strong foundation enabling us to provide even more refurbished hardware to customers globally. Trill Impact has the experience and expertise to support both our growth and sustainability journeys towards growing the business, serving more customers, and scaling our positive impact on environment, people, and society.”

- Bjarne Aarup, CEO of Kimbrer Computer

Return with impact investment rationale

Trill Impact sees significant potential in supporting the growth journey of Renewtech by further strengthening the core of the business by growing organically as well as via M&A thus becoming a leading European Circular IT platform. Key impact and investment attractions, in Trill Impact’s view, include:

Large attractive end market with sustainable and resilient growth driven by various underlying megatrends
Solid platform for buy & build to act as a consolidator in a highly fragmented market thus becoming a leading European Circular IT platform focusing on critical IT infrastructure
Tangible value-creation levers beyond buy & build including organic growth in existing markets and product segments, further optimization of procurement and sales, further professionalization of the business as well as adding new impactful capabilities
Highly efficient logistical and operational capabilities combined with strong E-commerce presence
Very clear positive impact contribution as refurbishment of enterprise IT hardware contributes to circular economy and reduces e-waste and the CO2 footprint

Renewtech‘s solution

Renewtech successfully contributes to the circular economy by extending the life of enterprise IT hardware, thus reducing CO2 footprint by up to 90%, reducing raw materials, e-waste, energy and water usage in comparison to the production of new hardware.

Social/Environmental challenge

Electrical and Electronic equipment is one of the fastest growing waste streams and less than 40% of all e-waste is recycled in Europe

24 of 27 countries fail their respective recycling targets and Information and Computer Technology (ICT) equipment is the third largest contributor accounting for 14% of total e-waste

These products rarely reach their actual lifetime and it is estimated that they are discarded at least 2-3 years earlier than designed

SDG Contribution

Enables impact acceleration across the following SDG targets:

SDG 12.4: Environmentally sound management of chemicals and all wastes throughout their life cycle

SDG 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse

SDG 13: Climate Action

Trill Impact News

Press release

13 december 2022

Trill Impact partners with Kimbrer Computer to scale impact and growth within circular IT

See all articles here

Renewtech News

14 mars 2024

Press Release: Kimbrer Computer changes name to Renewtech

Kimbrer Computer, changes name to Renewtech after the acquisition of the Dutch company with the same name. The main goal is become Europe’s best supplier of refurbished IT.

PRESS RELEASE

15 november 2023

Press Release: Kimbrer Computer acquire Renewtech

The Danish company Kimbrer Computer, a supplier of used IT equipment, today acquired the Dutch circular IT company Renewtech. This acquisition marks the first step for Kimbrer Computer towards the goal of becoming one of the European leaders within the industry of circular IT.

PRESS RELEASE