Foxway continues its European expansion and entering Germany by acquiring FLIP4NEW

Foxway has acquired the German recommerce specialist Flip4 GmbH (“Flip4”). The transaction is an important part in Foxway’s strategy to become the leading company in reuse, repair and sourcing of ICT-devices in Europe. Foxway is one of the largest specialists in IT-lifecycle management in Northern-Europe. The group has a turnover of EUR 300m in 2020 and employs more than 700 employees. Flip4 is one of the leading Recommerce businesses in Germany with around 40 employees located close to Frankfurt. - Foxway has grown with over 30 percent annually during the last years. “Our