Memphis is company’s first location in the state of Tennessee, creating over 200 new jobs

 

MEMPHIS, TN – Reconext, a global aftermarket electronics company, announced it will invest more than $9 million to expand its operations and establish its first location in the state of Tennessee. The Texas-based company expects to create over 200 new jobs, including engineering, administrative and production positions, that will increase the company’s ability to support its client base across the Southeast. Reconext will be located in southeast Memphis and fully operational by early 2025.

“We are pleased to welcome Reconext to the Digital Delta, where innovation and technology come together,” said Ted Townsend, President and CEO of the Greater Memphis Chamber. “From Memphis, 95% of global consumers can be reached by air within 72 hours. By choosing Memphis for their expansion, Reconext is leveraging our city’s exceptional logistics network to enhance their customer support. With the addition of our diverse IT talent, we anticipate significant success for Reconext in Memphis.”

Reconext is a leading global provider serving its customers by delivering customized supply chain solutions that meet their financial and sustainability objectives. Its lifecycle services optimize the value of used devices through innovative engineering, product renewal & remarketing. Its focus on reuse of electronics aligns with the principles of the circular economy. The company is committed to improving the environment as well as the communities where they are established.

“We thank the Greater Memphis Chamber for their assistance in our decision to locate and be part of the Memphis community,” said Dan Perez, CEO of Reconext. “We are excited by the critical resources and geographic advantages that the Memphis area enables us to offer our expanding customer base and look forward to being an active member of the Memphis area business community.”

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About Reconext

Reconext, a leading provider of aftermarket lifecycle services for electronics, serves leading manufacturers, operators, retailers, insurers, data centers and large corporations. Markets served include consumer electronics, customer premises equipment, enterprise network & data storage, IoT, mobile and point of sale equipment. Reconext’s end-to-end aftermarket lifecycle services include returns management & fulfillment, testing & grading, repair & refurbishment, asset recovery and trade-in & buy-back. For more information, please visit www.reconext.com.

About The Greater Memphis Chamber

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers. For more information, please visit www.memphischamber.com.

Media Contact:

Amy Daniels
901-569-4796
adaniels@memphischamber.com