Altor exits Flex IT as Eurazeo combines it with T1A Group
- Combined Flex IT-T1A Group business set for about €150 million in revenue
- Flex IT chief executive Angelo Bul to lead the merged group
- Deal follows Altor’s 2021 sale of Centralpoint from the same original Infotheek investment
Altor has divested Flex IT, a circular IT specialist, to Eurazeo, a European investment group, which is combining the company with its existing portfolio business T1A Group to form a circular IT platform with combined revenues of about €150 million.
Flex IT delivers IT solutions built around circular economy principles, spanning distribution, rent and demo services, buy back, refurbishment and IT asset disposition. It serves about 13,000 customers, including retailers, SME resellers, value-added resellers, corporates and public organizations, from offices in eight European countries, with ITAD and refurbishment capacity in Leiden, the Netherlands, and Toruń, Poland. The company generated revenue of about €120 million in 2025.
“We are very impressed with what the management team has achieved in recent years. Flex IT has successfully developed into one of the leading circular IT specialists in Europe with a unique approach that combines scale, expertise and flexibility across the IT lifecycle,” said Jens Browaldh, partner at Altor, in a statement.
Angelo Bul, chief executive of Flex IT, will lead the combined group following completion of the combination with T1A Group.
“This transaction marks an important milestone as it concludes Altor’s successful original investment in Infotheek. The divestments of Centralpoint in 2021 and now Flex IT in 2026 to strong strategic buyers have unlocked substantial strategic value. We are glad to have found an excellent new home for Flex IT in combining forces with T1A Group, enabling the company to continue its successful journey,” Browaldh said.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
