BAKU, Azerbaijan, April 22. ITOCHU Corporation
has agreed to make GET-IT Co., Ltd. an equity-method associate
through a third-party allotment of shares, strengthening its
position in the circular technology sector, Trend reports via the
company.
GET-IT operates a circular IT business focused on the
procurement, refurbishment, resale, and third-party maintenance of
corporate IT equipment, including servers, storage systems, and
network devices. The company acquires used equipment from
manufacturers, distributors, and leasing firms, erases data,
inspects and refurbishes the hardware, and then resells it or
reuses components for maintenance services.
The company’s key strengths include its technical capability to
support a wide range of multi-vendor IT products across different
generations, as well as its established procurement and sales
networks in Japan and overseas. It also has extensive experience in
third-party maintenance services.
Through the investment, ITOCHU aims to expand beyond its
existing used mobile device business into broader corporate IT
equipment redistribution and maintenance markets. The company plans
to collaborate with group entities including Belong, ERI, and DVC
to reinforce its circular business model covering the full IT
lifecycle.
The move aligns with ITOCHU’s management strategy, “The
Brand-new Deal: Profit opportunities are shifting downstream,”
under which the company seeks to generate value across supply
chains while promoting sustainability and SDG-related
initiatives.
ITOCHU said the investment will help strengthen its Circular
Tech value chain, supporting procurement, reuse, and recycling of
IT assets, and contributing to more efficient lifecycle management
of equipment used by corporations and public institutions, as well
as advancing a resource-circulating economy.
