Ecobat Sells Its Italian Recycling Operations to Haiki, Strengthening Circular Economy
Ecobat, a prominent global player in the battery recycling industry, has finalized the sale of its Italian operations to Haiki + S.p.A. This strategic move aligns with Ecobat’s objective of optimizing its geographical presence in the industry. With a focus on sustainability and resource recovery, Ecobat is dedicated to promoting a more eco-friendly future. The transaction includes vital recycling facilities located in Marcianise, Paderno Dugnano, and Bologna, signifying Ecobat’s exit from the Italian market.
Tom Slabe, CEO of Ecobat, expressed optimism about the deal, stating, "We are pleased to announce the completion of this transaction concerning our recycling operations in Italy." He further emphasized that the sale is a crucial step in their strategic efforts to enhance operational efficiencies and maximize value for their stakeholders. Slabe reassured stakeholders that Ecobat remains committed to exploring new opportunities to continue enhancing shareholder value in ways that go beyond this transaction.
The CEO believes that Haiki’s commitment to innovation and sustainability will serve as a robust foundation for the continued success of the Italian operations. "Their engagement in the circular economy aligns perfectly with our own dedication to environmental stewardship," said Slabe. This transition not only serves Ecobat’s business interests but also aims to bolster the recycling landscape in Italy under Haiki’s management.
Haiki + S.p.A., listed on Euronext Growth Milan, focuses on the environment and the circular economy through diverse divisions aimed at establishing a significant market presence within these sectors.
Ecobat stands as the largest battery recycler globally, operating in both Europe and the United States. The company is committed to innovative solutions for recycling batteries, resource recovery, and energy storage, contributing to responsible management of essential rare materials needed in modern life. Their comprehensive approach ensures that precious resources are recycled responsibly, supporting sustainability on a global scale.
The role of battery recycling in nurturing a circular economy cannot be understated, as it provides essential materials for new battery production while minimizing environmental impact. With this transaction, Ecobat not only optimizes its operations but also enhances the capabilities of Haiki to innovate further in the recycled materials market.
The financial aspects of the deal were handled by Pirola Corporate Finance, who acted as financial advisors, while ADVANT Nctm provided legal counsel to Ecobat throughout this transaction. As the need for recycling solutions grows enormously, especially in light of increasing electronic waste and battery usage, the strategic alignment between Ecobat and Haiki promises to yield positive results for the industry, stakeholders, and the environment alike. The future looks promising for both companies, paving the way for advancements in recycling technologies and practices in Italy and beyond.
For media inquiries, please contact Chelsey Berend at Ecobat. The company remains dedicated to delivering sustainable solutions and forging partnerships that prioritize ecological impacts while ensuring business growth. As the recycling industry continues to evolve, collaborations such as the one between Ecobat and Haiki signify a collective effort toward a more sustainable future.
Tom Slabe, CEO of Ecobat, expressed optimism about the deal, stating, "We are pleased to announce the completion of this transaction concerning our recycling operations in Italy." He further emphasized that the sale is a crucial step in their strategic efforts to enhance operational efficiencies and maximize value for their stakeholders. Slabe reassured stakeholders that Ecobat remains committed to exploring new opportunities to continue enhancing shareholder value in ways that go beyond this transaction.
The CEO believes that Haiki’s commitment to innovation and sustainability will serve as a robust foundation for the continued success of the Italian operations. "Their engagement in the circular economy aligns perfectly with our own dedication to environmental stewardship," said Slabe. This transition not only serves Ecobat’s business interests but also aims to bolster the recycling landscape in Italy under Haiki’s management.
Haiki + S.p.A., listed on Euronext Growth Milan, focuses on the environment and the circular economy through diverse divisions aimed at establishing a significant market presence within these sectors.
Ecobat stands as the largest battery recycler globally, operating in both Europe and the United States. The company is committed to innovative solutions for recycling batteries, resource recovery, and energy storage, contributing to responsible management of essential rare materials needed in modern life. Their comprehensive approach ensures that precious resources are recycled responsibly, supporting sustainability on a global scale.
The role of battery recycling in nurturing a circular economy cannot be understated, as it provides essential materials for new battery production while minimizing environmental impact. With this transaction, Ecobat not only optimizes its operations but also enhances the capabilities of Haiki to innovate further in the recycled materials market.
The financial aspects of the deal were handled by Pirola Corporate Finance, who acted as financial advisors, while ADVANT Nctm provided legal counsel to Ecobat throughout this transaction. As the need for recycling solutions grows enormously, especially in light of increasing electronic waste and battery usage, the strategic alignment between Ecobat and Haiki promises to yield positive results for the industry, stakeholders, and the environment alike. The future looks promising for both companies, paving the way for advancements in recycling technologies and practices in Italy and beyond.
For media inquiries, please contact Chelsey Berend at Ecobat. The company remains dedicated to delivering sustainable solutions and forging partnerships that prioritize ecological impacts while ensuring business growth. As the recycling industry continues to evolve, collaborations such as the one between Ecobat and Haiki signify a collective effort toward a more sustainable future.
Topics Consumer Products & Retail）
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