Tomra

Tomra Systems ASA is a Norwegian multinational corporation which creates sensor-based machines and services for sorting and recycling. These include Reverse vending machine, compactors, and material recovery) and Sorting machinery.

TOMRA is listed on the Oslo Stock Exchange (OSEBX) under the ticker symbol TOM. The parent company, Tomra Systems ASA, is headquartered in Asker, Norway, with central departments located in Koblenz, Germany and Shelton, Connecticut.

History

TOMRA was founded by the two brothers Tore and Petter Planke in 1972. It started out with the design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. This portion of the company’s business contributes approximately 55 percent of TOMRA’s annual operating revenues. With over 67,000 reverse vending systems installed worldwide, TOMRA is the leading provider in the industry.

TOMRA's sensor-based sorting technology business was first established in 2004 with the acquisition of TITECH, a leading provider of optical recognition and sorting technology. With the acquisition of Orwak in 2005, TOMRA established itself as a producer of compaction and baling solutions with an installed base of more than 67,000 balers.