M&A: Sumitomo Takes Equity Stake in U.S. ITAD Firm GreenTek, Betting on AI-Driven Hardware Disposal

Sumitomo Corporation has taken an equity stake in GreenTek Solutions, a Texas-based IT asset disposition firm, becoming an equity-method affiliate as it enters the U.S. ITAD market amid AI-driven data center hardware turnover.

Q1 earnings confirm a wave of decommissioning work ahead for ITAD

The current earnings season shows continued momentum in the tech sector with positive implications on the ITAD sector. The pattern that emerged in prior quarters continued through April, with four major technology companies reporting results that reinforce the case for rising ITAD volumes.

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