Abu Dhabi’s Tadweer Group and investment company DUBAL Holding have inked an agreement to acquire 100 percent of Enviroserve, an e-waste specialist. The companies will have equal ownership of the shares. Established in 2004, Enviroserve is the only integrated e-waste processing hub in the Middle East, Africa and Caucasus region. The state-of-the-art facility is mainly prominent for its capacity to recycle electronic waste in the region.
Expanding e-waste recycling capabilities
This acquisition of Enviroserve aims to enhance Tadweer Group’s sustainable waste management operations and its e-waste recycling capabilities.
Commenting on the acquisition, Ali Al Dhaheri, managing director and CEO of Tadweer Group, stated: “Agreements with like-minded organizations such as DUBAL Holding are key to unlocking the potential of the circular economy.” Al Dhaheri added that this collaboration with DUBAL Holding highlights the group’s commitment to investing in alternative solutions and diverting waste from landfills.
For its part, DUBAL Holding’s acquisition of Enviroserve aims to foster innovative solutions for managing waste and contribute to a positive environmental impact. Along with Tadweer Group, the company also seeks to set a new benchmark in responsible e-waste management. Hence, it aims to ensure a cleaner and brighter future for the coming generations.
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E-waste management critical to climate goals
Climate change and preserving the planet is becoming increasingly important. With the rise of dependence on electronics, e-waste has emerged as a critical factor impacting the climate. “This share acquisition will proactively advance Enviroserve’s ongoing mission, to offer world-class recycling services and make a positive impact on the environment,” stated Stuart Fleming, co-founder and CEO of Enviroserve.
Enviroserve has played a crucial role in e-waste management across the Middle East. In 2018, the company launched The Recycling Hub in Dubai Industrial City, becoming one the largest recyclers in the Middle East. Moreover, the company received a nomination last year at COP28 for the national asset status. Enviroserve has also played a crucial role in advancing the UAE’s sustainability strategy.
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