Business areas
Foxway operates in three main business areas, each contributing to the company’s circular tech services model.
Invest in Foxway Group
Foxway provides circular tech services to large organizations and resellers of consumer electronics. Foxway consists of 20 subsidiaries in Europe, Asia and the US. With a growing market and customer reach, favorable market dynamics and strong backing, Foxway is well positioned for future growth. The innovative business model aligns with global demands for sustainability and digitalization, with a recurring revenue model as a solid foundation. Foxway has a publicly traded bond on Nasdaq Stockholm.
Sustainable growth & impact
Foxway has demonstrated a robust capacity for both geographic and operational expansion, steadily increasing its market presence and cultivating a strong customer base. The company’s services are increasingly relevant as businesses and governments intensify their efforts to reduce carbon footprints and Scope-3 emissions. Foxway’s impact on sustainability is significant, with its services contributing to the avoidance of 290,729 tons of CO2e emissions in 2023.
CEO
Patrick Höijer
“Foxway is committed to transforming the technology sector and assisting companies in adopting more sustainable practices.”
Foxway Investment Case
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Growing market position and customer reach
Foxway operates in a rapidly expanding market driven by increasing sustainability demands and digitalization trends and has established itself as a frontrunner in circular IT services, with operations across Europe and a presence in Asia and the US.
The company has a strong market penetration, serving customers in over 100 countries, with strong potential for further reach and scalability.
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Favorable market dynamics
The demand for circular tech services in Europe is experiencing significant growth, driven by increasing environmental awareness and stringent sustainability mandates.
Foxway is well-positioned to benefit from these secular tailwinds, including rising sustainability demands from customers and digitalization trends, with growing corporate and governmental initiatives to reduce carbon footprints and Scope-3 emissions. In 2023, the company’s services helped avoid 290,729 tons of CO2e emissions.
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Recurring revenue model
Foxway’s circular model, Device as a Service (DaaS), for IT equipment is a subscription service, where customers pay a monthly fee instead of purchasing devices. This allows predictable and recurring revenue as well as cashflow stability.
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Scalable business model
Foxway’s circular IT services model aligns with increasing sustainability demands, positioning the company to scale as demand grows. With customers in over 100 countries worldwide, Foxway has proven its ability to scale geographically as well as operationally, with over 2,3 million devices repaired, collected and reused in 2023.
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Strong backing and ownership
Foxway is majority-owned by Nordic Capital (link to Nordic Capital), a leading private equity investor with over €22 billion invested across 130+ companies, bringing valuable expertise in accelerating growth as well as providing a solid structure and access to funding. This partnership, along with continued involvement from previous owner Norvestor, provides Foxway with strong financial backing and strategic support for its expansion plans.
Sustainability
Foxway aims to assist customers in aligning with the UN’s Sustainable Development Goals by promoting sustainable practices. To achieve this, the company’s circular business model focuses on developing sustainable solutions through strong partnerships with both clients and partners.
Finacial calendar & reports
The next scheduled publication date for a quarterly report from Foxway Holding AB (publ):
November 21, 2024
Interim report Q3 2024
February 27, 2025
Interim report Q4, 2024
April 24, 2025
Annual report and Sustainability report 2024
Bond documents
Foxway Holding AB (publ) has EUR 200 million senior secured callable floating rate notes due 2028 listed on Nasdaq Stockholm.
Press releases
Contact person for IR-related questions please contact:
Anders Wallin, CFO of Foxway
Stay informed about how Foxway is shaping a more sustainable digital future.
Board of directors
Per Hallius
Chairman of the Board
Nearly 25 years of experience in the management consulting industry, most recently in the role of Senior Partner at the Boston Consulting Group.
Solid experience of board duties. Industrial advisor and ‘Operating Chairman’ to Nordic Capital’s Funds.
Advisor to senior executives in international industrial and service companies.
Own business with investments in smaller companies and start-ups focusing on strong entrepreneurs, and disruptive business models within B2B.
Henning Vold
Board member
Partner at Norvestor.
A well-known investor and business developer in growing IT companies in the Nordics.
A partner at Norvestor and has been responsible for Foxway’s development since Norvestor became the owner in 2019.
Max Cantor
Board member
Working at Nordic Capital since June 2022. Max joined from the private equity firm Solix where he worked as an Associate Director.
Prior he worked at Bain & Co as a Consultant based out of the Copenhagen, Stockholm, and Washington DC offices.
Max holds an M. Sc. in Applied Economics and Finance from Copenhagen Business School and a Master’s in International Management from CEMS.
Joakim Andreasson
Board member
Working at Nordic Capital since 2008.
Master’s degree in economics and business administration from Stockholm School of Economics and Lund University, School of Economics and Management.
Served on the boards of five portfolio companies at Nordic Capital, primarily focused on the business services sector.
Previously worked in the European Private Equity Team at Merrill Lynch in London, and ABN AMRO in London.
Pernilla Ramslöv
Board member
Named the Most Powerful Female Entrepreneur in Business (2019 and 2021).
CEO of the Year (2019) and Female Rising Star of the Year for EY Entrepreneur of the Year (2019).
Background as a marketing and sales manager in the IT industry. Founder and CEO of NOX Consulting.
Stephan Derksen
Board member
With 20 years of experience in circular IT in Europe and the USA.
Currently a board member of Danish company Kimbrer-Renewtech.
Driven by a passion to foster growth and contribute to the advancement of a circular economy.
Held leadership roles at Infotheek/Flex IT Distribution and Curvature.
