Tomra Systems Acquires 80% Stake in C-Trace GmbH

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.