CSI LifeCycle Leasing GmbH, a wholly-owned subsidiary of CSI Leasing, acquired tradefinity GmbH, a German IT asset disposal (ITAD) company with more than 15 years of experience in IT services, refurbishing and remarketing used IT equipment. The new German subsidiary joins sister ITAD companies in Europe, EPC Global Solutions UK and EPC Global Solutions Slovakia, s.r.o. With the acquisition of tradefinity, CSI Leasing has 20 ITAD facilities worldwide.

tradefinity GmbH will expand CSI’s ITAD capabilities in Europe by bringing 30 highly-experienced employees in two locations in Germany that manage up to 100,000 assets yearly. CSI LifeCycle Leasing GmbH will now be able to provide secure and sustainable ITAD services in-house for medium and large enterprises. tradefinity GmbH will continue to be managed by its founders Jürgen Schultes, Sebastian Haeckel, Alexander Graf and Paul Knowles.

“tradefinity has built an exceptional business, along with a state-of-the-art ITAD facility,” Bernhard Schneider, managing director at CSI LifeCycle Leasing GmbH, said. “Their highly-skilled team and well-established remarketing platform is a tremendous asset to the CSI family. CSI LifeCycle Leasing GmbH has been working with tradefinity to process lease returns for years, so we have first-hand experience with their professionalism and high-level of service.”