Boosting its IT and electronics services with sustainable solutions for e-waste reduction, Canadian firm Quantum Lifecycle Partners has acquired asset management firm DCR Systems.
Canadian company Quantum Lifecycle Partners has successfully acquired DCR Systems Group, an IT Asset Management provider, expanding its service portfolio and capabilities. With this, Quantum will provide a comprehensive range of IT solutions, including managed deployment, technology rentals, repairs, asset disposal, and end-of-life processing.
The end-to-end solutions will be offered to OEMs, Value Added Resellers, and businesses seeking more sustainable and efficient management of electronics.
The company stated, “Our combined capabilities will provide our customers with a broader range of services, enhanced geographic coverage, and a continued commitment to sustainability. We look forward to working together to deliver even greater value to our clients.”
By enforcing sustainable IT practices, reducing electronic waste, and optimising the value of each IT asset, the acquisition will also improve the company’s logistics, downstream sales, and overall operational efficiency.
DCR will maintain operations at its Richmond Hill location. With the integration of DCR’s team, Quantum’s workforce has grown to over 700 sustainability experts across 14 locations in Canada and Costa Rica.
Welcoming DCR to the Quantum family, Gary Diamond, President of Quantum Lifecycle Partners LP, expressed, “This acquisition is a significant step forward in our growth strategy, allowing us to expand our service offerings and unlock operational efficiencies.”
According to Douglas Rayner, CEO and Founder of DCR Systems, who regarded Quantum as a “lifecycle management powerhouse” of IT and electronic goods, this deal will provide greater value to their customer base across North America.
However, no financial information about the acquisition was disclosed.
