Beginning of the year, our subsidiary in USA was founded. Supporting sustainability, we managed to compensate for 100% of our overall CO2 emissions by supporting various social and environmental projects globally but also switching our locations to only use renewable energy. In our worldwide ReLife Points, we reached the milestone of processing over 4 million parts.


During the year we got certified according to ISO 9001 and ISO 14001. Additionally, we extended our offer for remanufacturing services in China and USA. By end of the year, our first ReLife Point outside of Europe started operations in China.


We started operations with the opening of two further ReLife Points and our intralogistics center in Germany. Additionally, our subsidiaries in China and France were founded. Services for localization of remanufacturing parts began in China and USA.


Beginning of the year our first location called ReLife Point started operations in Spain. We launched our return platform Encory Logistics Management Application (ELMA) to create a more transparent and user-friendly interface for dealer returns.


In September Encory was founded as a joint venture of BMW Group and ALBA Group to provide sustainable and innovative products and services for the automotive aftermarket. We moved into our new headquarter in Unterschleissheim (Munich), Germany in December.