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Vyta buys IT disposal company FGD after investment

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IT recycling company Vyta is to buy UK-based IT disposal company FGD after a €13m investment from MML Growth Capital Partners Ireland (MML).

FGD will rebrand under the Vyta Group name and its 37 employees, including co-founders Leigh Medhurst and Daniel Elson, will join Vyta.

Leigh Medhurst is taking on the role of Chief Development Officer and Daniel Elson is now Vyta's Chief Technology Officer. Vyta estimates that the addressable market for its services in Ireland and the UK is more than €350m, with further market opportunities in Europe. "At Vyta, we adhere to the most stringent industry standards while maintaining our commitment to having the best customer service in our industry," Mr McMichael said.

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