Foxway | Nordic Capital
IMG 7910

Foxway

Circular Tech Services

Foxway is a leading circular tech services provider in Europe embedded across the entire IT equipment value chain. Its unique positioning enables Foxway to help its customers source and lease IT equipment as well as refurbish and resell used devices – significantly extending the lifetime of each device. Since its foundation in 2009, Foxway has helped customers in more than 100 countries to reduce their tech footprint and make sustainability an integral part of their business by introducing circularity, which minimizes waste, reduces overproduction, and saves our natural resources.

 

Company Background

  • Sweden-based Foxway is a fast-growing company with offices in Estonia, Norway, Denmark, Germany, Spain, and the UK that is led by an entrepreneurial and highly experienced team
  • The B2B-focused service offering includes sourcing and leasing of IT equipment as well as trade-in and refurbishment of devices
  • With sustainability and circularity being at the heart of its business model, Foxway refurbishes >1.5 million devices annually in its own facilities, avoiding 120 948 tons CO2e in 2022, which is equivalent to planting over two million trees

Vision & Outlook

  • Accelerate growth organically and through M&A, invest into operational excellence and sharpen the ESG focus further to create a truly global leader in circular tech
  • Through its offering and presence, help accelerate the industry-wide transformation towards sustainable and circular IT
Foxway Logotype

SECTOR

Services & Industrial Tech

REVENUES 2022

EUR 680 million

EMPLOYEES

1,300

OWNERSHIP

Nordic Capital XI

INVESTMENT DATE

2023

HEAD OFFICE

Stockholm, Sweden

MANAGEMENT

Martin Backman

CEO

Gustav Zaar

interim CFO

CHAIRPERSON

Per Hallius

RESPONSIBLE ADVISOR

Joakim Andreasson

Partner

Nordic Capital's Industrial & Business Services focus

Nordic Capital is a leading Industrial & Business Services investor in the Nordics, with particular experience in Business Services and Manufacturing. We invest selectively in companies that benefit from robust underlying growth trends and an expanding market position.

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