GlobeNewswire

Elanders continues to invest in Life Cycle Services and makes acquisition

Share

Today Elanders signed a contract to acquire 70 percent of the shares in Azalea Global IT AB (“Azalea”). Azalea has net sales of around MSEK 30 annually, good profitability and is specialized in Value Recovery Services. They manage the entire chain from purchasing used IT equipment and restoring and resetting it to then selling it to a network of customers. The acquisition of Azalea is a part of Elanders’ investments within sustainable services that contribute to a circular economy.

Value Recovery Services makes up an important part of Elanders’ service area Life Cycle Services and through it Elanders helps its customers handle their outdated IT equipment such as cell phones, computers, network equipment, servers, monitors and printers. Since a large part of these products’ environmental impact comes from the manufacturing process the goal is to extend their lives as long as possible. In cases where a product has reached the end of its useful life, it is recycled in the most environmentally friendly way. Elanders also ensures that all sensitive data is erased from the equipment to prevent company secrets or personal information from coming into the wrong hands. Currently many items are only used three or four years before being sent to recycling. Significant environmental gains are instead generated by restoring and reusing them another three or four years.

Elanders has been active for many years in Value Recovery Services on the European and Asian markets. The acquisition of the Swedish company Azalea Global IT AB (“Azalea”) provides Elanders with a stronger foothold on the Nordic market. Azalea is specialized in Value Recovery Services and manages the entire chain from purchasing used IT equipment and restoring and resetting it to then selling it to a network of customers. Many of these customers want to reduce their environmental impact by buying used IT equipment.

“Developing services and solutions for a circular economy is a vital part of our sustainable work. The acquisition of Azalea is an important component in this work and will enable us to speed up the development of these kinds of services. The goal is to create a global platform, where we can offer our customers both local and global solutions. In order to do this we need a global network of sites and global logistics solutions that can ensure both safe transportation of IT equipment and the capacity to restore it locally in each respective country. This we have, and it’s one of our strengths. We see significant opportunities for growth in this area and have a very interesting customer base that includes many of the largest companies in the world in which we perceive substantial opportunities for new sales,” says Magnus Nilsson, President and CEO of Elanders.

“Demand for our services has never been greater and with Elanders as our owner we can offer our customers optimal solutions for global IT reuse. Today many companies and other organizations recycle fully functioning IT equipment, which leads to an unnecessary toll on our environment. Reusing instead of recycling generates major environmental gains. In addition, our customers are often surprised over how high the second-hand value of some IT equipment actually is. We see great opportunities to accelerate our growth in the Nordic region and even globally together with Elanders," says Henrik Cohn, MD of Azalea.
The acquisition of 70 percent of the shares in Azalea will be finalized in the fourth quarter. The acquisition is not expected to have any material effect on the result per share or cash flow during the period. Elanders has an option to acquire the remaining shares in the company which can be used in 2024.


For further questions, please contact
Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50
Andréas Wikner, CFO, telephone: +46 31 750 07 50


This information is information that Elanders AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 12:00 CET on 19 October 2020.

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Huhtamaki introduces 100% plastic free egg carton, Smilepack, in the U.S. and Brazil21.6.2021 20:00:00 CEST | Press release

HUHTAMÄKI OYJ PRESS RELEASE 21.6.2021 AT 21:00 Huhtamaki introduces 100% plastic free egg carton, Smilepack, in the U.S. and Brazil Huhtamaki, a key global provider of sustainable packaging solutions, introduces Smilepack, a 100% plastic free molded fiber egg carton, in the United States and Brazil. Smilepack cartons are Huhtamaki’s first product designed especially for the U.S. egg industry, providing a sustainable and functional alternative to traditional polystyrene foam or plastic packaging for eggs. In the United States, the egg packaging market is expected to reach $405 MN at a CAGR of 4.38% by 2025*. The Smilepack egg cartons are made with fiber recovered from recycled paper, which can be reused up to seven times. The cartons can be recycled in regular paper stream and they are home and industrially compostable. Smilepack is already in use in the U.S. by a prominent producer and distributor of free-range eggs, whose products are sold in retail stores across the country. It is es

Agfa-Gevaert: Share buyback program – regulated information21.6.2021 17:40:00 CEST | Press release

Mortsel, Belgium – June 21, 2021 – 5:40 p.m. CET Within the framework of the share buyback program which was announced in the press release of March 10, 2021, Agfa-Gevaert NV proceeded with the purchase of own shares on the market of Euronext Brussels. The authorization to acquire own shares was granted to the Board of Directors by the Extraordinary General Meeting of Shareholders of May 12, 2020. Agfa-Gevaert NV has requested a financial intermediary to repurchase Agfa-Gevaert shares for a maximum amount of 50,000,000 Euro on its behalf under the terms of an initial discretionary mandate agreement with validity until March 31, 2022, effective as from April 1, 2021. On June 18, 2021, the Agfa-Gevaert Group held 1,946,884 own shares, which represents 1.16% of the total number of shares of the Group. Detailed operations per day: DateNumber of sharesAverage price (€)Minimum price (€)Maximum price (€)Total price (€)June 14, 2021 50,0003.84083.83003.8500 192,040.00June 15, 2021 48,0003.8112

Correction: On substantial participation21.6.2021 16:50:00 CEST | Press release

AS AB CITY announcement on substantial participation has been clarified. JSC Olainfarm has received announcement on substantial participation from Nika Saveļjeva. According to the announcement share of voting rights has decreased from 7.8% to 0%. JSC Olainfarm has received announcement on substantial participation from AS AB CITY. According to the announcement total share of voting rights is 30.84%. AS AB CITY has 7.8% and other persons that belong to controlled company’s chain have 1.07% (AS RĪGAS FARMACEITISKĀ FABRIKA) and 21.97% (SIA FARMA FUND) of voting rights. The received announcements (in Latvian) are attached. Additional information: Jānis Dubrovskis Investor Relations Advisor of JSC Olainfarm Phone: +371 29178878 Email: janis.dubrovskis@olainfarm.com Attachments Pazinojums_lidzdaliba_N.S._Olainfarm_19.06.2021.docxPazinojums_lidzdaliba_AS AB CITY_N.S._21.06.2021(1).docx

Correction: On substantial participation21.6.2021 16:43:00 CEST | Press release

AS AB CITY announcement on substantial participation has been clarified. JSC Olainfarm has received announcement on substantial participation from Nika Saveļjeva. According to the announcement share of voting rights has decreased from 7.8% to 0%. JSC Olainfarm has received announcement on substantial participation from AS AB CITY. According to the announcement share of voting rights is 7.8%. Other persons that belong to controlled company’s chain have 1.05% (AS RĪGAS FARMACEITISKĀ FABRIKA) and 21.97% (SIA FARMA FUND) of voting rights. The received announcements (in Latvian) are attached. Additional information: Jānis Dubrovskis Investor Relations Advisor of JSC Olainfarm Phone: +371 29178878 Email: janis.dubrovskis@olainfarm.com Attachments Pazinojums_lidzdaliba_N.S._Olainfarm_19.06.2021.docxPazinojums_lidzdaliba_AS AB CITY_N.S._21.06.2021(1).docx

On substantial participation21.6.2021 15:20:00 CEST | Press release

JSC Olainfarm has received announcement on substantial participation from Nika Saveļjeva. According to the announcement share of voting rights has decreased from 7.8% to 0%. JSC Olainfarm has received announcement on substantial participation from AS AB CITY. According to the announcement share of voting rights is 7.8%. Other persons that belong to controlled company’s chain have 1.05% (AS RĪGAS FARMACEITISKĀ FABRIKA) and 21.97% (SIA FARMA FUND) of voting rights. The received announcements (in Latvian) are attached. Additional information: Jānis Dubrovskis Investor Relations Advisor of JSC Olainfarm Phone: +371 29178878 Email: janis.dubrovskis@olainfarm.com Attachments Pazinojums_lidzdaliba_N.S._Olainfarm_19.06.2021.docxPazinojums_lidzdaliba_AS AB CITY_N.S._21.06.2021.docx

Leading Edge Materials Announces Preliminary Life Cycle Assessment Results on Woxna Graphite Project21.6.2021 15:00:00 CEST | Press release

Vancouver, June 21, 2021 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) is pleased to announce preliminary Live Cycle Assessment (“LCA”) results for its Woxna Graphite anode project. On December 10, 2020, the Company announced it had commissioned Minviro Ltd. (“Minviro”), a London based globally recognized LCA consultancy, to build an LCA model and deliver a report for the planned vertically integrated production of natural graphite anode material in Sweden as described in the Company’s recently announced Preliminary Economic Assessment (“PEA”) results. The LCA results show that the production of 1 tonne of natural graphite anode material (coated spherical purified graphite (“CSPG”)) from natural graphite extracted at the Woxna Graphite mine is forecast to have an impact of 1.8 tonnes CO2 eq. Minviro applied the same methodology in the report to evaluate current Chinese natural and synthetic graphite ano

Nokia and DISH to deploy first 5G standalone core network in the public cloud with AWS21.6.2021 15:00:00 CEST | Press release

Press Release Nokia and DISH to deploy first 5G standalone core network in the public cloud with AWS Nokia builds on relationship with DISH and AWS as DISH deploys the United States’ first standalone, 5G cloud network on public cloud 21 June 2021 Dallas, Texas – Nokia today said it will deploy its 5G standalone (SA) Core for DISH on Amazon Web Services, Inc. (AWS). While DISH previously announced agreements with both companies, this news marks the world’s first deployment of 5G in the public cloud, supporting DISH’s cloud-native, OpenRAN-based 5G network with high-level scale, performance and security. Nokia is deploying 5G SA Core on AWS to enable automation required to meet evolving customer needs, allowing DISH to support new enterprise and consumer 5G use cases quickly, securely and across multiple cloud stacks at end customer premises. Nokia 5G SA Core on AWS allows DISH to offer the responsiveness, flexibility and efficiency that is needed to create innovative new services for it