Splitstone Capital has acquired Ecobat Group for an undisclosed amount, completing a significant corporate acquisition in the global battery recycling sector. Ecobat Group is recognized as the world’s largest battery recycler, playing a crucial role in meeting essential energy storage needs by making the business of batteries safer and more sustainable for a circular energy economy.
Ecobat's operations are central to the collection, recycling, production, and distribution of resources vital to modern life. The company specializes in processing lead and polypropylene, which are essential components in vehicle batteries, renewable energy infrastructure, and backup power systems. In 2021, Ecobat’s lead battery recycling business fully recycled 70 million car batteries. The company also maintains a vast network that powers industries worldwide and is actively expanding its lithium-ion battery collection and recycling management services to support the growing electric vehicle market.
This acquisition is strategically significant for Splitstone Capital, securing a leading position in the accelerating transition towards sustainable resource management and energy storage. The move integrates a comprehensive global infrastructure and specialized expertise in closed-loop recycling into Splitstone Capital’s portfolio. Expected synergies include leveraging Ecobat's advanced recycling technologies, extensive operational network, and established market leadership to drive further growth and operational efficiencies.
The combined entity is poised to strengthen its impact on the circular energy economy. It will continue to focus on expanding sustainable practices and resource recovery efforts to meet the increasing global demand for responsible battery lifecycle management and essential raw materials.