Ecobat, a battery recycling company, has announced the completion of the sale of its U.K. battery recycling and specialty lead operations to funds advised by Splitstone Capital, a U.K.-based private equity firm.
The transaction includes Ecobat’s facility in Matlock and the company’s lead sheet mill in Welwyn Garden City. Rothschild & Co. acted as the financial advisor, and White & Case as the legal advisor, to Ecobat on the transaction.
Ecobat operates across Europe and the U.S., with a mission of building a more sustainable future by delivering innovative solutions for battery recycling, resource recovery, and energy storage.
In October, the company announced the completion of the sale of its French lead operations to Campine, a metals recycling and specialty chemicals company based in Beerse, Belgium. This latest sale, combined with earlier announced divestitures across several EU countries, marks its exit from the European lead market. According to the company, this strategic transition positions the company to focus on its U.S. and lithium-ion battery recycling operations.
“With this closing, we’ve executed on our strategic plan to reposition the business. Our exit from the U.K., together with previously announced divestitures in France, Italy, Germany, and Austria, allows Ecobat to sharpen its focus on North America and our lithium-ion battery recycling operations. Ecobat will continue to pursue additional opportunities to maximize value for shareholders beyond these transactions,” said Tom Slabe, President and Chief Executive Officer of Ecobat.
According to Mercom’s 9M and Q3 2025 Funding and M&A for Energy Storage report, a total of 20 Energy Storage M&A transactions were announced in 9M 2025, up from 18 M&A transactions in 9M 2024.
In January, Hydro, a renewable energy company, signed an agreement with Northvolt, a battery manufacturer, to acquire Hydrovolt’s remaining shares for NOK 78 million (~$7 million). Hydro is increasing its ownership in Hydrovolt from 72% to 100% through this transaction.
