Deal typeM&A
KundenavnAfatek A/S
BDO Deal Advisory acted as the exclusive financial adviser in the majority sale of Afatek to Scanmetals.
Afatek specialises in extracting valuable materials from residual waste products, reducing the need for the extraction of new raw materials and thereby lowering greenhouse gas emissions through recycling and re-use. Scanmetals is an internationally recognised processor of non-ferrous metals recovered from incineration bottom ash (""IBA"") generated by incinerators. Renowned for its advanced sorting capabilities, Scanmetals utilises a unique environmentally friendly, dry process to clean and recover non-ferrous metals from IBA. With almost 200 employees, Scanmetals has operations in Denmark, Germany, the UK, and Spain.
By joining forces, Scanmetals and Afatek will leverage their respective strengths to become a leading player in IBA treatment and the recycling of IBA gravel and metals, driving further innovation and expansion. This acquisition underscores Scanmetals' long-term commitment to advancing the circular economy through sustainable and innovative methods within metal recycling and resource recovery.
Afatek will continue to operate from its current locations and retain its highly skilled employees. The existing shareholders, including AffaldPlus, ARGO, Norfors, REFA, and Vestforbrænding, will retain a 30 percent ownership in Afatek. Scanmetals will remain fully focused on being a reliable buyer of IBA for Afatek's current and future IBA suppliers in Denmark.
Afatek specialises in extracting valuable materials from residual waste products, reducing the need for the extraction of new raw materials and thereby lowering greenhouse gas emissions through recycling and re-use. Scanmetals is an internationally recognised processor of non-ferrous metals recovered from incineration bottom ash (""IBA"") generated by incinerators. Renowned for its advanced sorting capabilities, Scanmetals utilises a unique environmentally friendly, dry process to clean and recover non-ferrous metals from IBA. With almost 200 employees, Scanmetals has operations in Denmark, Germany, the UK, and Spain.
By joining forces, Scanmetals and Afatek will leverage their respective strengths to become a leading player in IBA treatment and the recycling of IBA gravel and metals, driving further innovation and expansion. This acquisition underscores Scanmetals' long-term commitment to advancing the circular economy through sustainable and innovative methods within metal recycling and resource recovery.
Afatek will continue to operate from its current locations and retain its highly skilled employees. The existing shareholders, including AffaldPlus, ARGO, Norfors, REFA, and Vestforbrænding, will retain a 30 percent ownership in Afatek. Scanmetals will remain fully focused on being a reliable buyer of IBA for Afatek's current and future IBA suppliers in Denmark.