Altor has divested Flex IT, a circular IT specialist, to Eurazeo, which is combining the company with its existing portfolio business T1A Group to form a circular IT platform with combined revenues of about €150 million. Flex IT delivers IT solutions built around circular economy principles, spanning distribution, rent and demo services, buy back, refurbishment and IT asset disposition. It serves about 13,000 customers from offices in eight European countries, with ITAD and refurbishment capacity in Leiden, the Netherlands, and Toruń, Poland.

The company generated revenue of about €120 million in 2025. Flex IT chief executive Angelo Bul will lead the merged group. The deal follows Altor's 2021 sale of Centralpoint from the same original Infotheek investment.