Former Canon UK boss Andy Vickers has resurfaced at Tinglobal Group, a refurbished kit specialist that has just scored a £6m private equity investment.
Vickers is now business development director for the Cirencester-based firm, which refurbishes and sells second-user HP, IBM, Cisco and Sun equipment through a channel of about 900 partners.
The company has just announced it has bagged £6m in private equity lolly from NVM Private Equity. The new investor will support its growth alongside existing backer Shackleton Ventures.
But the group remains majority-owned by management: chairman David Gutteridge, sales director Mat Jordan, and now Vickers.
Tinglobal is one of the biggest local players in a global mid- to high-end refurbished market, estimated by the group to be worth £1.8bn annually. The firm has displayed recent growth amid growing acceptance of second-user equipment among larger corporates.
Vickers claimed he is joining the business at an important point in Tinglobal's development.
"There is a real global acknowledgement of the benefits that used hardware can bring to businesses within these tough economic times," he said.
Gutteridge added: "The combination of Andy's strong corporate background and extensive industry knowledge, with NVM's funding and support, will help the business to develop and grow within the refurbished equipment and services market."
Automation firms UiPath and Automation Anywhere close out their funding rounds with $265m and $300m respectively
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