Flex IT, one of the largest European specialists in IT lifecycle management, has acquired for an undisclosed amount leading European demo partner MKCL, in order to expand its demo services and Circular IT portfolio. The acquisition of MKCL is part of Flex IT’s ongoing mission to lead the change to a fully circular European market for IT hardware, as well as supporting the company’s strategy to expand its services to both IT Channel and IT Vendors.
“With the acquisition of MKCL, Flex IT takes another big step forward in its position as a circular service provider for vendors, particularly Lenovo due to the excellent relation between Lenovo and MKCL", says Leon Timmermans, CEO of Flex IT.
As the lifespan of IT hardware is now only three to five years, the annual IT waste mountain continues to pile up. According to Flex IT, the key is to extend this life cycle to drastically reduce the environmental impact.
Continues Timmermans, “with the acquisition of MKCL, Flex IT takes another big step forward in its position as a circular service provider for vendors, particularly Lenovo due to the excellent relation between Lenovo and MKCL. In addition, it will enable Flex IT to further help organisations realise their sustainability goals by offering circular Lenovo products to the European market. The need for sustainable IT computers and laptops is expected to grow significantly in the coming years. Flex IT wants to support companies in this transition and the acquisition of MKCL helps to make this ambition a reality."
"We are very pleased that MKCL is becoming part of our Group", continued Timmermans. “As well as allowing us to help companies achieve their circularity ambitions, it will strengthen our circular IT offering in Europe and is an important milestone in our goal to become the largest demo partner in Europe. It enables us to strengthen our circular leadership and broaden this specialism in the European market, and as a result, to accelerate the optimisation of circular IT in Europe. We expect to work in perfect synergy with the MKCL team as we share the same values and have the same outlook on the development of the circular market. Michael Frautz and I have built a great relationship over the last year - Michael has created a quality organisation and we can’t wait to build further on the foundations that he has created with MKCL.”
MKCL is a trusted brand in the European IT landscape and will remain active under the MKCL name. For over 20 years MKCL has been developing innovative IT services for several global IT Vendors such as Lenovo, and in addition to logistics, production and trading of IT hardware, its portfolio includes demo pool management and other IT hardware services for vendors.
“I strongly believe the acquisition of MKCL by Flex IT will enable the MKCL organisation to grow to its full potential”, says MKCL CEO Michael Frautz. “Flex IT is one of the largest Circular IT organisations in the world and I am proud that they have chosen MKCL to be part of their long-term strategy.”
The completion of the acquisition is subject to customary conditions, including the merger notification to the Authority Consumer & Market, and is expected to be completed in the first quarter of 2022.