Australia / United Kingdom | Melbourne, Australia headquartered Sims Group continues to expand its Asset Recovery business through the acquisition of Life Cycle Services Limited. The company, based in Ashford, Middlesex, was founded in 1998 as a consulting business advising clients on the management of their technology life cycle. Through strategic partnerships, Life Cycle saw its business grow rapidly to become one of the UK market leaders in Asset Management before expanding its services globally.
Graham Davy, Global CEO for Sims Recycling Solutions (SRS) comments: ‘The addition of Life Cycle Services, alongside the recent acquisition of RecommIT and Sims’ original asset recovery operations, enables us to immediately enhance the solutions offered to our client base by building on the strength of our current logistics, security and reporting procedures.’
‘We are extremely pleased to welcome Life Cycle Services into our business. Their management systems allow for the rapid development of a transparent and tailored relationship between them and their clients. These systems, based around a bespoke software solution, are extremely flexible and will support clients in understanding the value of their assets, across all their operating regions.’
John Fenton and Jon Godfrey, founders of Life Cycle Services are to be kept on to develop the Sims Lifecycle Services business. John Fenton comments: ‘Life Cycle Services has developed a very powerful business model and we have been enjoying serving and growing our client base over the last 9 years. Our acquisition by Sims and the synergies across the businesses gives us the ability to quickly realise our objective of contributing to clients’ Corporate Social Responsibility ambitions, whilst delivering the highest quality service and client value – locally, regionally and internationally.’
Acknowledgement
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