Blue Mountain's circular technology platform expands operations to the European level.
Blue Mountain’s circular technology platform has registered record growth during the third quarter of 2023, with a significant increase in the volume of devices processed and commercialised. This growth has been accompanied by the expansion of operations to the European level, marking a turning point in the group’s internationalisation strategy.
The increase in processed volume reflects a broader trend: the market for refurbished technology is growing structurally, driven by three converging forces. Corporate sustainability commitments are pushing large organisations to extend the life of their IT assets and to source refurbished equipment. Cost-conscious procurement decisions favour refurbished devices that offer 40-60% savings over new equivalents. And the regulatory environment — particularly the EU’s Circular Economy Action Plan and its Right to Repair provisions — is creating tailwinds for companies that operate in the technology lifecycle management space.
The expansion to European markets represents a natural evolution for the platform. The business model — which combines collection networks, processing infrastructure, quality certification, and remarketing channels — has demonstrated its scalability. The European market for refurbished technology is estimated at over 10 billion euros and is growing at 15-20% annually, providing a large and expanding addressable market.
The initial European expansion is focused on markets with strong corporate procurement activity and established e-waste collection infrastructure, with plans to extend to additional markets over the coming quarters.
The third quarter of 2023 saw several operational milestones: the processing facility expanded its capacity to handle significantly higher volumes, new quality certification standards were implemented to meet the requirements of institutional buyers, and strategic partnerships were established with leading European distributors.
This growth validates the investment thesis that has guided Blue Mountain’s approach to the circular economy: patient capital, invested in companies with genuine circular capabilities (not merely sustainable branding), can generate both attractive financial returns and meaningful environmental impact. The platform’s performance demonstrates that circularity and profitability are not only compatible — they are reinforcing.
The circular technology sector continues to offer exceptional growth opportunities. As global technology consumption increases and the regulatory environment becomes more supportive of circular models, companies with established infrastructure, quality certifications, and trusted brands will capture a growing share of the market. Blue Mountain remains committed to supporting the platform’s growth through continued investment in capacity, technology, and market expansion.
By Blue Mountain Capital
By Blue Mountain Capital
By Blue Mountain Capital
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