Cartlow Acquired by Basatne to Enhance Circular Economy

Basatne, a leading global entity focused on sustainable trade solutions, has acquired Cartlow, a prominent player in the circular economy and re-commerce sector in the UAE. This acquisition aims to fortify Basatne's position in the Middle East by harnessing Cartlow's cutting-edge technology to promote a circular economy, which involves reducing e-waste and extending product lifecycles. Cartlow has already recirculated over a million electronic devices, significantly contributing to carbon emission reductions. This strategic move aligns with regional sustainability initiatives, including the UAE's Net Zero by 2050 strategy and Saudi Vision 2030, by promoting environmental responsibility and economic diversification. The integration of Cartlow into Basatne's portfolio is expected to drive significant advancements in device lifecycle management, positioning both companies as leaders in creating a sustainable and circular commerce ecosystem.