Tadweer Group and DUBAL Holding have signed an agreement to acquire 100 per cent of e-waste specialist Enviroserve, with equal ownership of shares among the two entities. Established in 2004, Enviroserve is the only integrated e-waste processing hub in the Middle East, Africa and Caucasus region, serving multi-national and large corporations, businesses and individuals.
Taylor Wessing provided legal advice to Enviroserve.
Enviroserve is a pioneering leader in the field of recycling and an end-to-end partner for all types of waste. An award-winning company, it offers an extensive range of services including electronic waste recycling, IT refurbishment, refrigerant gas reclaiming and specialised waste disposal. It has a state-of-the-art facility that is mainly regarded for its capacity to recycle waste from electrical and electronic equipment generated in the region.
The deal is expected to close at the end of Q2/beginning of Q3.
Abdullah Mutawi, corporate partner at Taylor Wessing, said: "This is an important deal for the United Arab Emirates, and for the clean tech sector in particular. Enviroserve is a leader in the field of e-waste recycling, and it was a pleasure to work with the team to get this deal through. We look forward to seeing the firms progress in the years to come."
The Taylor Wessing team was led by Abdullah Mutawi (partner) and Ingy Darwish (senior associate) with support from Mohammed Tartir (senior counsel), James Baldwin (senior associate) and Laura Sperling (associate).
