Acquisition of Recupyl’s assets accelerates SK Tes’s move into the battery processing market in Europe
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Deep recycling capabilities around a wide range of battery types
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Recupyl’s assets will be deployed across existing SK Tes infrastructure
SINGAPORE (29 October 2018) – SK Tes announced that it has acquired the assets of Recupyl SAS, a leading provider of battery recycling services in France and mainland Europe. The acquisition complements SK Tes’s vision to deliver integrated IT lifecycle solutions and help clients manage the complexities and risks inherent in them. It will enable SK Tes to create a regional battery recycling center in Europe while benefiting from the synergies of keeping this material localized.
Recupyl offers an industry-leading battery recycling process, serving as a global partner that provides customers with end-to-end battery recycling solutions. Its deep understanding of battery recycling science spans alkaline, zinc-carbon, and lithium-ion batteries, making it a market leader over the past decade. This expertise includes shipping, logistics, and environmental compliance as part of its core services.
Recupyl's battery recycling plant in Grenoble, France, uses a bespoke, low-temperature, low-power patented process that can give a second life to a broad range of materials, including manganese and lithium.
“Recupyl has an outstanding reputation in the market, well earned by delivering excellent service,” said Steve Graham, SK Tes Europe GM. “With cobalt sources becoming scarcer and demand rising sharply, it is a natural move for SK Tes to enter the battery recycling market in a meaningful way. I am confident this acquisition will further enhance our ability to deliver outstanding value to our clients.”
SK Tes is backed by Navis Capital Partners, one of Southeast Asia’s largest private equity companies with over US$5 billion under management. Jean-Christophe Marti, Senior Partner at Navis, commented: “From mobile devices to EV cars to IoT, battery-powered applications and devices will grow exponentially over the next decade. The acquisition of Recupyl’s assets positions SK Tes to take advantage of that growth and supports our strategic efforts around the circular economy.”
