$1.29M tech disposal center coming to Spotsylvania
Singapore-based TES will invest $1.29 million to establish an IT asset disposal and recycling center in Spotsylvania County, creating 25 jobs, Virginia Gov. Ralph Northam announced Thursday.
The TES facility will offer IT services, including data destruction, data center decommissioning, refurbishment and recycling. The Virginia Economic Development Partnership worked with Spotsylvania County, the Fredericksburg Regional Alliance at the University of Mary Washington, and the Virginia Department of Environmental Quality to help land the project.
“Companies like TES help strengthen the commonwealth’s reputation as one of the nation’s largest tech hubs for companies of all sizes,” Northam said in a statement. “Much of Virginia’s job growth in the coming years is projected to be in information technology, and by locating in Spotsylvania County, TES is ensuring that these opportunities reach every corner of our Commonwealth.”
Founded in 2005, TES bills itself as “the largest e-waste recycler in the world.” It operates 38 locations in 22 nations, employing more than 1,700 workers. It is backed by Navis Capital Partners, a Malaysian private equity firm with more than $6 billion in assets under management.
“With the opening of our new Virginia facility, TES reaffirms its commitment to providing full lifecycle IT solutions for clients all over the world,” said TES Chief Commercial Officer Eric Ingebretsen. “We understand the importance of safe, efficient and reliable IT asset disposition services, and this center gives us the ability to provide those services for customers in another vital region of the country.”