TOMRA has acquired 80 percent of the shares in c-trace GmbH, a German leader in digital waste management solutions.
C-trace, founded in 2005, offers advanced solutions that combine software and hardware modules to digitize and improve the process for waste management operations. As municipalities and industries increasingly seek to reduce inefficiencies and comply with stricter environmental regulations, demand for these solutions is rising. Through its innovative solutions and strong customer base, c-trace has a leading position in Germany, the largest market in Europe. Its strong focus on new AI driven capabilities has generated market interest and is opening new market opportunities in the segment.
TOMRA’s acquisition of c-trace aligns with the strategy outlined during the 2024 Capital Markets Day where the company said they would seek to develop adjacent business building, also through M&A. The addition of c-trace will support TOMRA’s goal of driving additional profitable growth and diversifying its revenue streams while broadening its market impact.
Employing around 120 people, c-trace generates 80 percent of its sales in Germany and has shown annual growth of more than 15 percent over the last years. The company’s revenues in the last twelve months amounted to EUR 21million with 23 percent EBIT margin (adjusted).
TOMRA will initially acquire 80 percent of the shares in c-trace, with an option for the remaining 20 percent, which are held by the founders, after 2 years. The acquisition is expected to be immediately accretive and generate strong capital returns to TOMRA – supporting the targets set out at TOMRA’s Capital Markets Day.