Hong Kong-based mobile powerhouse EcoRenew has snapped up Mazuma Mobile as it looks to target the UK market. It is the second acquisitioned in a matter of weeks for the mobile company, after completing the takeover of ICT Reverse – a UK tech company specialising in data destruction services.
Mazuma and ICT Reverse are the first acquisitions with EcoRenew saying there are ‘many more expected to come’.
The move is part of a bigger business plan that will be revealed to the market in the first quarter of 2018 as EcoRenew transforms into a true ‘end-to-end’ solution provider.
EcoRenew CEO Mark Chambers said: “I don’t think there is any doubt that Mazuma is the strongest consumer brand, not only in the UK, but across Europe and in Australia in their area. We were looking for a consumer solutions and Mazuma has been around longer than anybody else and is a very strong brand. There’s no doubting its strengths, it has been around for a while and known byconsumers inside and outside the UK.”
He added: “One of the things we are looking for is companies we can take globally across all our locations, so whereas Mazuma is strong in the UK, and more recently in Australia, we want to pick that up, along with ICT Reverse and take it into the US, Japan and the UAE.”