Foxway acquires Teqcycle and strengthens its position in Germany
Foxway has acquired Teqcycle Solutions GmbH, a leading German mobile trade-in company. The acquisition is an important step in Foxway's strategy to become the leading company within circular tech in Europe and beyond.During recent years, Foxway has experienced rapid annual organic growth of 20 % per year. The growth has been further accelerated from strategic acquisitions of companies in the tech industry. Foxway today employs more than 1,300 people with an annual turnover of over 700 MEUR. Teqcycle procures used devices from multiple sources, routes them with a smart logic to the most