T1A buys Flex IT to build a €150M European circular IT platform
What's the deal? Denmark-based T1ADealroom has a profile for this one. Try Dealroom → has acquired Dutch sustainable hardware provider Flex ITDealroom has a profile for this one. Try Dealroom → to form a European circular IT platform with combined revenues of about €150 million. The deal is backed by Eurazeo's Planetary Boundaries Fund (EPBF)Dealroom has a profile for this one. Try Dealroom →, which took a majority stake in T1A in May 2026, alongside minority investor Dansk Vækstkapital.
What each side brings: T1A collects corporate IT equipment at end of first use and handles certified data erasure and refurbishment. Flex IT distributes new and refurbished hardware across Europe through roughly 13,000 resellers and runs certified refurbishment capacity in Poland.
What's the endgame? The companies say the two businesses sit at opposite ends of the same value chain. Combined, a device retired by a corporate client in one country can be collected, processed at the most suitable certified site, and resold into the market where it holds the most value — all within a single group.
What changes: Flex IT chief executive Angelo Bul will lead the combined company. T1A founder Peter Hemicke becomes executive chairman and remains a co-investor alongside EPBF.
Why now? Bul framed the logic around waste. "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," he said. Hemicke added that the group can now "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."
The backer: EPBF, launched in 2024, is a thematic impact buyout fund targeting businesses that help address the overstepping of planetary boundaries. Eurazeo has set a €750 million fund size and closed a first tranche of €300 million in March 2025.
The signal: The deal reflects growing investor appetite for consolidation in the circular economy, where fragmented refurbishment and IT asset disposition players are being rolled into scaled platforms. By linking corporate collection with pan-European distribution, T1A is betting that reuse becomes the default corporate choice rather than the exception — and that impact capital can fund the buildout.
Read more: esgtoday.com
Image credit: Generated with Gemini
