stockholmswedish privateequity firm nordic capital said monday that it has agreed to buy a majority stake in swedenbased it services provider foxway founded in 2009 foxway recovers and remarkets it devices and provides the infrastructure necessary to ensure a sustainable lifecycle it sources finances and refurbishes over 15 million devices annually reporting over 76 billion swedish kronor 7133 million in gross revenue in 2022 foxway is uniquely positioned to benefit from secular tailwinds of increasing sustainability demands from customers digitalisation trends and the increasing economies of scale to drive growth and make a lasting positive impact nordic capital said several recent highprofile customer partnerships together with acquisitions completed in spain sweden estonia norway denmark germany and the uk reinforce nordic capitals belief in foxways business model and longterm strategy nordic capital said that with foxways management and alongside current owners norvestor it will support continued growth and international expansion completion is expected in the third quarter of 2023 and is subject to regulatory approvals