The deal is expected to be closed in July.
Recommerce will benefit from fenix.eco’s presence in Romania to consolidate its position on the local market, the group said.
Fenix.eco was launched in April 2020 by Grégoire Vigroux, Adrien Arnoux and Hector Destailleur. The company sells refurbished smartphones with 12-month guarantee and up to 50% cheaper than new phones.
Vigroux will remain on the company’s board, while Destailleur and Arnoux will continue to manage local operations.
The global refurbished and second-hand smartphone market is estimated to reach 351.6 million units in 2024 from 225.4 million units in 2020, according to a January report by International Data Corporation (IDC).