Ecobat Finalizes Sale of Italian Battery Recycling Business to Haiki
Ecobat, the world’s leading battery recycling company, has successfully completed the sale of its Italian battery and polypropylene recycling operations to Haiki + S.p.A. This significant transition marks Ecobat's exit from the Italian market and includes facilities located in Marcianise, Paderno Dugnano, and Bologna.
In an official statement, Tom Slabe, Chief Executive Officer of Ecobat, expressed his satisfaction with the transaction, highlighting its importance in the company’s strategic plan to optimize its geographical footprint. Slabe emphasized that the sale is part of a broader strategy to seek out new opportunities that enhance shareholder value beyond this deal. He expressed confidence that Haiki’s dedication to innovation and sustainability will lay a solid foundation for the continued success of the business in Italy.
Haiki + S.p.A., which operates in environmental and circular economy sectors and is listed on Euronext Growth Milan, aims to become a leader in the circular economy in Italy with its four divisions. They are committed to transforming waste into valuable resources, thereby contributing to a more sustainable environment.
In this evolving landscape of environmental management, the transaction is expected to bring significant benefits to both parties. For Ecobat, this sale allows for a more focused approach to its operations and strategic growth in other regions, while Haiki gains valuable resources and established operations that can be further developed.
Operating as the largest battery recycler globally, Ecobat focuses on creating sustainable futures by offering innovative solutions for battery recycling, resource recovery, and energy storage. By responsibly managing valuable materials essential to modern life, Ecobat continues to play a critical role in fostering sustainability in the industry.
The financial advisory role in this transaction was handled by Pirola Corporate Finance, while ADVANT Nctm served as legal advisor for Ecobat. This partnership indicates a robust framework of support throughout the sale process, ensuring that the transition proceeds smoothly and effectively.
Looking ahead, Ecobat is set to explore new prospects that could emerge in the dynamic landscape of battery recycling and related services. The company maintains its commitment to reducing environmental impact and enhancing operational efficiency in all its endeavors. As the industry continues to evolve, Ecobat is well-positioned to capitalize on emerging trends and continue its mission of leading in sustainable practices.
As for Haiki, this acquisition is a promising opportunity to expand its influence and capabilities in the battery recycling sector. With a strong commitment to environmental preservation, Haiki aims to strengthen its position in the market and push forward innovative solutions that align with the principles of the circular economy.
This strategic move marks not only a transition for Ecobat but also a commitment to collaborative efforts that encourage sustainability and responsible resource management in Italy and beyond. As both companies embark on this new journey, the focus remains on fostering an environmentally sustainable future through innovative recycling practices and circular economy initiatives.
In an official statement, Tom Slabe, Chief Executive Officer of Ecobat, expressed his satisfaction with the transaction, highlighting its importance in the company’s strategic plan to optimize its geographical footprint. Slabe emphasized that the sale is part of a broader strategy to seek out new opportunities that enhance shareholder value beyond this deal. He expressed confidence that Haiki’s dedication to innovation and sustainability will lay a solid foundation for the continued success of the business in Italy.
Haiki + S.p.A., which operates in environmental and circular economy sectors and is listed on Euronext Growth Milan, aims to become a leader in the circular economy in Italy with its four divisions. They are committed to transforming waste into valuable resources, thereby contributing to a more sustainable environment.
In this evolving landscape of environmental management, the transaction is expected to bring significant benefits to both parties. For Ecobat, this sale allows for a more focused approach to its operations and strategic growth in other regions, while Haiki gains valuable resources and established operations that can be further developed.
Operating as the largest battery recycler globally, Ecobat focuses on creating sustainable futures by offering innovative solutions for battery recycling, resource recovery, and energy storage. By responsibly managing valuable materials essential to modern life, Ecobat continues to play a critical role in fostering sustainability in the industry.
The financial advisory role in this transaction was handled by Pirola Corporate Finance, while ADVANT Nctm served as legal advisor for Ecobat. This partnership indicates a robust framework of support throughout the sale process, ensuring that the transition proceeds smoothly and effectively.
Looking ahead, Ecobat is set to explore new prospects that could emerge in the dynamic landscape of battery recycling and related services. The company maintains its commitment to reducing environmental impact and enhancing operational efficiency in all its endeavors. As the industry continues to evolve, Ecobat is well-positioned to capitalize on emerging trends and continue its mission of leading in sustainable practices.
As for Haiki, this acquisition is a promising opportunity to expand its influence and capabilities in the battery recycling sector. With a strong commitment to environmental preservation, Haiki aims to strengthen its position in the market and push forward innovative solutions that align with the principles of the circular economy.
This strategic move marks not only a transition for Ecobat but also a commitment to collaborative efforts that encourage sustainability and responsible resource management in Italy and beyond. As both companies embark on this new journey, the focus remains on fostering an environmentally sustainable future through innovative recycling practices and circular economy initiatives.
Topics General Business）
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