TES-AMM is a leading global provider of Electronic Waste Recycling (“E-Waste”) and IT Asset Disposal (“ITAD”) services. Established since 2005 in Singapore, the company currently operates in more than 30 locations globally, with major facilities in Singapore, China, India, Australia and Malaysia. TES-AMM is a market leader in a fast-growing sector with a strong reputation and great potential for organic growth.
- Electronic waste is proliferating globally due to higher consumption of electronics products, shorter product cycles and quicker obsolescence
- Globally, especially in Asia, penetration of processing electronic waste is low and is expected to increase
- Industry growth is being driven by increasing concerns about contamination via landfills, legislation enforcing producer responsibility, and rising economic value of electronic waste
- Industry is fragmented and TES-AMM is in a strong position as it can consolidate the industry and emerge as a global market leader, with a wider variety of services to deliver to customers
- Improved service line operations e.g., by implementing a cell layout combining segregation and demand operations at recycling plants, eliminated backlog and reduced cash-to-cash cycle time from 30 days to 2 days
- Established a dedicated compliance and risk function, supported by a comprehensive set of policies and procedures. This reduced non compliance issues as well as higher client satisfaction
- Navis Portfolio Operations Director embedded full-time as Chief Information Officer to implement ERP upgrade delivering a single globally-integrated financial system, transactional recycling system and a customer business application for IT asset disposal
- Strengthened management team with key hires
Leveraging its enlarged global footprint, TES-AMM continues to win and onboard more blue-chip customers. Key initiatives in place are focusing on business development, such as assessing M&A opportunities to further expand its coverage in Europe and the US, identifying new business segments across the IT lifecycle value chain as well as facility expansion in high-growth e-waste sectors.