Renewed AB becomes part of ELKO Grupa AS/Gandalf Distribution AB
Press Release
Renewed AB becomes part of ELKO Grupa AS through Gandalf Distribution AB and strengthens its position in the recommerce market
Stockholm, August 05.03.2025, XNUMX – Renewed AB is proud to announce that the company has become part of ELKO Grupa AS (ELKO Group), a leading distributor of IT and consumer electronics products in the region, through its subsidiary Gandalf Distribution ABThis strategic partnership marks an important milestone for Renewed AB in its continued work to drive sustainability and innovation in the recommerce market.
ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions and represents 350 leading IT manufacturers. With an extensive network, ELKO provides a wide range of products and services to over 10 000 retailers, local computer manufacturers, system integrators and companies in various sectors in 13 countries i Central Europe and the Nordic countries.
The combination of ELKO Group's strong infrastructure and broad market reach, together with Renewed AB's expertise and ambition in recommerce, creates new and exciting opportunities to make a significant impact in the industry. The collaboration will further strengthen Renewed AB's ability to offer sustainable and high-quality reconditioned IT solutions, while reinforcing the company's commitment to a circular economy.
"We are excited to join forces with ELKO Group and Gandalf Distribution AB. Their market-leading position, combined with our knowledge and commitment to recommerce, will enable us to expand our business, reach new customers and contribute to a more sustainable future for IT and consumer electronics," say Benjamin Kibebe, CEO at Renewed AB.
This partnership reflects a shared vision to drive sustainable growth and responsible consumption in the IT and electronics industry. Together, Renewed AB and ELKO Group strive to expand the reach for recommerce solutions and deliver high-quality, cost-effective and environmentally friendly IT products to customers throughout the region.
In the transaction, Renewed AB was advised by investment bank Merge in M&A matters and by Eversheds Sutherland in legal aspects.
