Beauparc Utilities Limited acquired Domestic and commercial bin collection business from Kollect on Demand Holding AB (publ) (OM:KOLL) for SEK 25 million on March 4, 2022. Beauparc paid an upfront cash payment of SEK 25 million on closing. Domestic and commercial bin collection business generated Revenue of SEK 16.37 million in FY2021. The employees and customers in the Domestic and commercial bin collection business are moving to Beauparc. Kollect intends to use the net proceeds to execute on its stated 2024 strategy of organic growth (through geographic expansion and the introduction of new products), supported by M&A; developing technology to improve customer service and relationships; and constantly improving cost effectiveness across the business as well as a portion of the proceeds will also be used to make an early repayment towards the debt facility with InvoiceFair.

Beauparc Utilities Limited completed the acquisition of Domestic and commercial bin collection business from Kollect on Demand Holding AB (publ) (OM:KOLL) on March 4, 2022.