Tomra Systems Acquires 80% Stake in C-Trace GmbH
October 24, 2024
Norway-based Tomra Systems ASA has acquired an 80% stake in Germany-based digital waste management solutions provider C-Trace GmbH, with an option to purchase the remaining 20% from the founders after two years. The acquisition expands Tomra's digitalization capabilities across the recycling value chain and aims to accelerate C-Trace's international growth using Tomra's global footprint; C-Trace employs about 120 people and generates roughly 80% of its sales in Germany.
- Buyers
- Tomra Systems ASA
- Targets
- C-Trace GmbH
- Sellers
- C-Trace founders
- Industry
- Environmental Services
- Location
- North Rhine-Westphalia, Germany
- Transaction Type
- Buyout
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