EGO technology

Thanks to ICFG UK, EGO Technology acquires Ucan

EGO is an award-winning secure IT disposal company, with a focus on providing sustainable recycling solutions. With a heritage spanning over three decades, EGO’s owners have been at the forefront of sustainable IT disposal solutions and their wealth of expertise has earned EGO industry wide recognition for our secure and sustainable IT disposal services.

EGO support a wide range of industries by providing secure IT disposal and comprehensive compliance reporting including WEEE and ESG CO2 reduction reports for Government offices, Education providers, Healthcare and corporate clients.

Created in 2010, Ucan offer nationwide collection services to UK businesses and organisations such as schools, universities, trusts, councils, and corporates to help remove all redundant IT equipment from their premises. Ucan perform full asset management and secure data disposal services for all customers.
EGO’s acquisitions of Ucan will enable the business to offer a full end to end service for companies disposing of their IT hardware. Furthermore, the facility provides the enlarged Group with significant capital to fund the ongoing growth of the business, which will include further M&A in what is a highly fragmented sector.

The Cognos UK team acted as buy-side lead advisor and debt advisor on the transaction which included identifying suitable funding partners, developing an enlarged financial model combining the two businesses and overlaying the various debt structure offered, negotiating detailed terms of both the acquisition and debt facility, supporting the business through an extensive due diligence process and project managing the deal to a successful completion.