{"id":310286,"date":"2026-03-03T02:40:08","date_gmt":"2026-03-03T02:40:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/310286\/"},"modified":"2026-03-03T02:40:08","modified_gmt":"2026-03-03T02:40:08","slug":"business-scoop-echo-and-bms-unite-to-strengthen-new-zealands-technology-circular-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/310286\/","title":{"rendered":"Business.Scoop \u00bb Echo And BMS Unite To Strengthen New Zealand\u2019s Technology Circular Economy"},"content":{"rendered":"

Press Release \u2013 Echo<\/p>\n

Business combination enhances end-to-end technology lifecycle offering.

Photo\/Supplied<\/p>\n

Echo has today announced the acquisition of BMS, bringing together two high performing, values aligned, New Zealand technology lifecycle businesses. BMS founder Stephen Westcott Jones will become a shareholder in Echo and join the Board.<\/p>\n

Echo CEO Patrick Moynahan says the partnership\u2019s ambition is to create New Zealand\u2019s leading full-service IT and e-waste lifecycle solution, spanning recovery, remarketing, refurbishment, and responsible recycling.<\/p>\n

\u201cWe\u2019re 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,\u201d says Moynahan.<\/p>\n

\u201cThe combination of these market leading businesses will create a true end-to-end technology lifecycle partner, maximising value recovery, protecting sensitive data, and accelerating the transition to a circular economy.\u201d<\/p>\n

\u201cTogether, Echo and BMS repurpose over 150,000 IT assets for resale and process more than 4 million kilograms of electronic waste each year.\u201d<\/p>\n

BMS founder Stephen Westcott Jones says the partnership brings together two businesses with shared values and complementary strengths.<\/p>\n

\u201cThe 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,\u201d says Jones.<\/p>\n

Day-to-day, customers with both organisations will continue to operate under current arrangements, with separate accounts and contracts as the businesses work through integration planning.<\/p>\n

In 2025, Echo received strategic investment from growth equity firm Altered Capital. Altered Capital partner Sam Rapson said the transaction strengthens the group\u2019s footprint in New Zealand to deliver managed IT lifecycle services at a time of increasing demand for data protection, compliance and responsible reuse.<\/p>\n

\u201cBy bringing Echo and BMS together under shared ownership, we are backing a scaled platform with the leadership, capability and credibility to serve enterprise, Government and leasing customers to the highest standard,\u201d says Rapson.<\/p>\n

\nContent Sourced from scoop.co.nz<\/a>
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