More and more companies are striving to expand their business strategies so that revenues and profitability emanates from a larger part of the product life cycle than just the product selling. One way of doing this is to have business offerings consisting of a combination of products and services, and where the selling companies retain the ownership of the physical product. Remanufacturing is often an important means for achieving profitable Product Service Systems. Remanufacturing is an industrial process of returning a used product to at least Original Equipment Manufacturer original performance specification, this from the customers- perspective. The resultant product is also given a warranty that is at least equal to that of a newly manufactured equivalent. Thus, by formulating a business strategy in a life cycle perspective, remanufacturing becomes a service in the product-s life cycle. Remanufacturing can help limit the life cycle costs. It is suggested that up to 85% by weight of remanufactured products may be obtained from used components, and that such products have comparable quality to equivalent new products but require 50% to 80% less energy to produce. It is shown that new business approaches like Product Service System facilitates remanufacturing and vice versa.