#USA #Dallas #Battery Recycling #Clarios #Ecobat

Ecobat's Strategic Sale of Operations in Germany and Austria

In a significant move aimed at refining its business strategy, Ecobat, a global leader in battery recycling, has announced that it will sell its operations in Germany and Austria to Clarios, a prominent name in advanced energy storage solutions. This binding agreement marks a notable transition for both companies, as Ecobat reallocates its resources towards enhancing its lithium-ion battery business and core recycling operations.

Details of the Sale

The transaction includes Ecobat's well-established facilities in Freiberg and Braubach in Germany, as well as the Arnoldstein site in Austria. Tom Slabe, the President and CEO of Ecobat, expressed optimism about this sale, highlighting the need for the company to focus on its core competencies following other recent divestitures in France and Italy. He mentioned that this strategic decision would empower Ecobat to explore additional opportunities to augment shareholder value.

"We are pleased to announce the sale of our German and Austrian operations," said Slabe. "Upon completion, this transaction will enable Ecobat to concentrate its efforts on core recycling operations as well as our global lithium-ion battery business."

The Impact on Employees and The Market

Ecobat’s decision to partner with Clarios is expected to solidify relationships that have been established with employees, customers, and suppliers throughout Europe. Slabe voiced confidence that Clarios would maintain and cultivate these valued connections, ensuring a robust operational transition. Clarios, with its expertise in low-voltage battery technologies and a strong commitment to sustainability, is well-positioned to manage these operations effectively.

Operational and Financial Insights

This sale is anticipated to close by early 2026, pending the necessary regulatory approvals. Financial advisors for the transaction include Rothschild & Co, with legal support from White & Case.

Ecobat stands as the world's largest battery recycler, boasting an extensive presence across Europe and the United States. The company is dedicated to fostering a sustainable future through innovative battery recycling methods and energy storage solutions. The deal reflects Ecobat's broader mission to responsibly manage crucial materials essential for modern life.

About Clarios

Clarios emerges as the leading entity in advanced battery technologies for mobility and proudly owns the VARTA brand in the automotive sector. The company's batteries are integral to one-third of the vehicles on the road today, and it emphasizes rigorous sustainability practices. Through an extensive network, Clarios recycles an impressive 8,000 batteries each hour, demonstrating its commitment to environmental responsibility.

In summary, Ecobat's sale of its German and Austrian operations to Clarios marks a strategic pivot in its business operations. The collaboration promises not just operational efficiency but also an enhanced focus on sustainable battery solutions, ensuring both companies remain at the forefront of the recycling and energy storage industries.

For media inquiries, please reach out to Chelsey Berend at Ecobat.

Conclusion

The sale of Ecobat's operations to Clarios highlights an important shift in the battery recycling landscape, showcasing two companies dedicated to sustainability and innovation. As they embark on this new chapter, stakeholders are keenly observing the potential impacts on the industry and the environment.