Ecobat to sell Germany and Austria operations

Ecobat has entered into a binding agreement to sell its battery recycling and specialty lead operations located in Germany and Austria to Clarios, a company specializing in advanced energy storage solutions. The transaction includes Ecobat's facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria.

"We are pleased to announce the sale of our German and Austrian operations," said Tom Slabe, president and CEO of Ecobat. "Upon completion, this transaction - along with the previously announced divestitures of France, Italy, and Battery Distribution - will enable Ecobat to concentrate its efforts on core recycling operations, as well as our global lithium-ion battery business. Ecobat will continue to pursue additional opportunities to maximize value for shareholders beyond these transactions."

Mr. Slabe added, "Clarios' expertise and strategic vision offer a strong foundation for the continued success of these operations in Germany and Austria. We're confident they will continue to foster and enhance the valued relationships we have built with our employees, customers, and suppliers across Europe."

The transaction is expected to close by early 2026, pending regulatory approvals.

Rothschild & Co is acting as financial advisor and White & Case as legal advisor to Ecobat on the transaction.