Background
On
The acquisition is now complete and the assets of the acquired business integrated into the BWTL operations.
The acquired business had shown annual revenues of approximately
The purchase price, which amounted to
Reasons for the Acquisition
The acquisition gives BTWL 12 additional compactor bin sites, each of which is established and revenue-generating. Also, BTWL has acquired an additional 23 compactor bins as part of the deal. All but one of these sites have the relevant planning permissions and permits; the one without planning permission is being rectified.
New sites
BTWL continues its programme of investment in new BIGbin sites and has launched three more sites with Circle K Tallaght in
Total operational sites is now at 29 (including the 12 sites from the acquisition), which is up from 15 sites at the end of Q3.
More about BWTL in brief
BWTL operates stand-alone compactor bin sites in the South of
Senior Management appointment in the
Kollect also announces that Co-Founder
CEO comment
John O’Connor, CEO, says: “The completion of this acquisition by BWTL is another step in accelerating the growth of our waste drop-off business. By establishing BWTL as a separate subsidiary with its own balance sheet, we’ve brought greater focus to growing this business, and will end the year with an even stronger presence in the market.
The appointment of my co-founder, Robbie, as the Head of
About Kollect
Founded in
The Company services two types of customers: those who arrange to have waste collected via the online Kollect booking engine; and those who use BIGbin smart compactor bins for waste drop-off.
The waste collection services include domestic door-to-door bin collection, commercial bin collection, skip (container) hire, skip bags and junk removal such as furniture and other large objects.
For more information, visit www.kollect.ie.
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