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IT rental company IRENT becomes part of the Circular IT Group

IT rental company IRENT becomes part of the Circular IT Group, portfolio company of Waterland Private Equity. IRENT is the circular market leader in Europe in rental and ‘as a service’ provision of IT equipment. Hogenhouck m&a  advised IRENT’s shareholders in this  transaction.

Accelerated transition to a circular economy 

IRENT is the European market leader in the rental and ‘as a service’ provision of server, storage and networking equipment. With flexible and sustainable IT solutions, IRENT ensures continuity and cost savings for organisations. The equipment can be deployed at the times when organisations have specific needs. 

Flexible and sustainable IT solutions 

With an expert team, IRENT serves mid-market companies and enterprises throughout Europe; from solutions for data centres to workplace equipment and from high-end systems to complete IT infrastructures. IRENT collaborates with renowned partners such as NVIDIA, Nutanix, Microsoft, Lenovo, IBM, HPE, Dell EMC & Cisco. 

Synergy for complementary services 

Circular IT Group is a specialist in extending the lifecycle of IT assets. By joining forces, the two companies will optimize the use of IT assets. The combined group will seek far-reaching cooperation across its operations. The complete portfolio of circular solutions reduces CO2 emissions and raw material consumption. 

More than 10,000 customers worldwide 

With its range of products and services, the group serves more than 10,000 customers worldwide, from business end users, to service providers and consumers. The group is headquartered in Zoetermeer, with additional locations in Almere, Amersfoort and Singapore, employing a total of 126 FTEs. 

End of a chapter  

Entrepreneur Rob Smit started with the predecessor of IRENT in 2004. After almost 20 years, he is formally handing over the baton. Rob Smit: “The handover of this 20-year life’s work is the end of a chapter for me. For the colleagues, on the contrary, it offers new growth opportunities for the future. I am proud of what we have achieved together.” Ivo de Heus, Managing Director IRENT: “As part of the Circular IT Group, we can offer our European customers a full-service and complete circular IT solution. In addition, this cooperation gives our team maximum opportunities to realize our European growth ambitions.” 

Broad offer in the circular economy 

Mathieu Sueters, Corporate Development Director Circular IT Group, says: “IRENT has become an important and professional circular player in the rental and hardware-as-a-service market. The transition to circular IT solutions is essential to meet the targets for future-proof connectivity, the circular economy, CO2 emissions and biodiversity. This is why we are making every effort to contribute to this.” 

Involved team members

Daan Zonneveld
Associate

Hein Stoops
Partner