TES (Singapore) Pte. Ltd.
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TES (Singapore) Pte. Ltd. - overview
Established
2005
Location
Singapore, -, Singapore
Primary Industry
Environmental Services
About
TES (Singapore) Pte. Ltd. is a provider of comprehensive IT Asset Disposition services, focusing on optimizing value recovery and sustainability in IT asset management. The company serves clients globally with innovative solutions for electronic waste management.
TES (Singapore) Pte. Ltd. specializes in IT Asset Disposition services, repurposing and recycling IT assets for businesses. Founded in 2005 in Singapore, the company has expanded its operations globally.
The founder, Brian Taylor, has a history of involvement in technology-related ventures. The company has successfully completed 3 deals, with the most recent being a Trade Sale for USD 1 billion on February 21, 2022, led by SK ecoplant Co. , Ltd. The total amount raised by the company is USD 1 billion, marking significant investment in its operational capabilities.
TES offers services in IT Asset Disposition (ITAD), focusing on the responsible recycling of IT equipment and electronic waste. Their solutions include repurposing and resale of corporate IT assets, as well as commercial battery storage solutions that convert electric vehicle batteries into sustainable energy storage. The company serves a diverse range of clients across North America, Europe, and Asia, enhancing operational efficiency and promoting sustainable practices within their industries. In 2023, TES generated revenue of USD 484.
04 mn with an EBITDA of USD 13. 79 mn. Their revenue model is structured around ITAD services, battery recycling, and managed deployment solutions, primarily engaging corporate clients on a B2B basis through contractual agreements. Looking ahead, TES plans to innovate its product offerings, particularly in the realm of ITAD and battery recycling solutions, although specific product launch dates have not been disclosed.
The company aims to expand its market presence in regions such as Asia and Europe by the end of 2024. The recent acquisition by SK ecoplant Co. , Ltd. will facilitate this expansion, leveraging their established network to enhance service delivery in the electronic waste recycling market.
Primary Industry
Environmental Services
Sub Industries
Data Centers, Waste Management, Energy Storage & Batteries, Recycling, Green IT
Website
www.tes-amm.com
Verticals
Clean Technology
Company Stage
Acquired
Total Amount Raised
Subscriber access only
TES (Singapore) Pte. Ltd. - timeline of key events
TES (Singapore) Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 139,234,212 | 157,444,390 | 188,594,009 | 211,937,195 | 262,416,000 | 332,050,000 | 366,056,000 | 453,166,000 | - | - | - |
| % Revenue Growth (YoY) | - | 13.1% | 19.8% | 12.4% | 23.8% | 26.5% | 10.2% | 23.8% | - | - | - |
| EBITDA (USD) | 25,874,105 | 25,925,089 | (8,768,265) | 17,662,679 | 26,541,000 | 34,663,000 | 52,462,000 | 57,709,000 | - | - | - |
| Operating Income (USD) | 20,366,395 | 19,229,908 | (15,312,329) | 11,322,051 | 20,677,000 | 19,237,000 | 34,913,000 | 38,269,000 | - | - | - |
| Operating Margin | 14.6% | 12.2% | (8.1%) | 5.3% | 7.9% | 5.8% | 9.5% | 8.4% | - | - | - |
| % EBITDA Margin | 18.6% | 16.5% | (4.6%) | 8.3% | 10.1% | 10.4% | 14.3% | 12.7% | - | - | - |
| NET Income (USD) | 15,291,983 | 17,396,295 | (18,207,477) | 7,778,464 | 16,479,000 | 15,044,000 | 28,194,000 | 28,329,000 | - | - | - |
| % Net Margin | 11.0% | 11.0% | (9.7%) | 3.7% | 6.3% | 4.5% | 7.7% | 6.3% | - | - | - |
TES (Singapore) Pte. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | Green Li-ion Pte Ltd. | - | ||||||||
| Trade Sale | Completed | TES (Singapore) Pte. Ltd. | - | ||||||||
| Seed | Completed | Green Li-ion Pte Ltd. | - | ||||||||
| Trade Sale | Completed | TES (Singapore) Pte. Ltd. | - | ||||||||
| Add-on | Completed | GenPlus Pte Ltd. | - |
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TES (Singapore) Pte. Ltd. - employee data
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