Green merger on the horizon
Salvage and dismantling companies Motorhog, Car Transplants, FAB Recycling and DH Systems have confirmed a merger is set to for March 1.
Together, they will create SYNETIQ, a service provider in the salvage, dismantling, green parts and support service arenas.
The new SYNETIQ company has significant scale and capacity, operating 16 fully licensed and accredited sites across the UK, with a fleet of over 100 collection and delivery vehicles and having processed c100,000 vehicles in the last 12 months.
SYNETIQ has over 50,000 registered auction customers and sells in excess of 35,000 vehicles and 250,000 parts per year. SYNETIQ employs over 400 people and anticipates a first year turnover in excess of £120m.
SYNETIQ and its clients will benefit from the significant investments each individual business has made over recent years in infrastructure, capacity, people and process – investment which has seen the Motorhog and Car Transplants businesses between them achieve ISO 9001, 14001 and 27001 in 2018.
Additionally, by incorporating systems integration expert DH Systems, SYNETIQ can offer fully IT-integrated solutions to their clients, to create a bespoke solution.
Whilst the SYNETIQ name is new, the Board and wider team at SYNETIQ are well-known and respected industry figures who share the same principles, values and ambition. The focus on clients, customers, innovation, compliance and positive environmental impact will remain unchanged but be delivered even more effectively and efficiently as part of the combined SYNETIQ company.