Echo CEO Patrick Moynahan, right, with Altered Capital partner Sam Rapson, left, and BMS founder Stephen Westcott.
Photo: Supplied
The country’s biggest e-waste recycling company is expanding its footprint.
Echo Technology is acquiring BMS, a specialist in secure data storage disposal and the refurbishment and resale of end‑of‑life IT equipment.
The acquisition price was not disclosed.
BMS, founded by Stephen Westcott‑Jones, focuses on IT asset disposition, including breaking down data storage drives and refurbishing and remarketing used computers and devices.
Echo chief executive Patrick Moynahan said the partnership aimed to create New Zealand’s leading full‑service IT and e‑waste lifecycle provider.
“We’re committed to building long‑term capability for sustainable technology lifecycle services and e‑waste processing in Aotearoa New Zealand, and this acquisition is a substantial step towards that ambition,” he said.
“Together, Echo and BMS repurpose more than 150,000 IT assets for resale and process over four million kilograms of electronic waste each year.”
Westcott‑Jones would become a shareholder in Echo and join the company’s board.
“The transaction will allow us to build on the strong foundations of BMS and take our customer offering to the next level by integrating with Echo,” he said.
Altered Capital – a local venture capital and private‑equity investment firm, and an existing investor in Echo – brought the two companies together and would remain invested in the combined business.
Altered made a strategic investment in Echo in 2025.
The companies would be integrated over the next 18 months but continue to operate separately in the meantime, with existing customer arrangements unchanged.
Moynahan said Echo would initially focus on improving household e‑waste recycling by working with councils and running neighbourhood collection events, before expanding further into corporate and government e‑waste recovery and refurbishment.
He said the merged company also plans to open a new recycling plant in Christchurch, complementing existing facilities in Auckland and Wellington.
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