Core Insights - Campine NV has completed the acquisition of Ecobat's French subsidiaries, enhancing its leadership in Europe's circular economy [1] - The acquisition includes two battery recycling plants and one semi-finished lead products factory, adding 70,000 tons of annual battery recycling capacity [2] - The acquired assets generated approximately €100 million in revenue in 2024, with a final purchase price expected to be around €14 million [3] Strategic Growth in France - The acquisition marks a significant step in Campine's European expansion, with five plants now operating in France [4] - The company anticipates realizing operational synergies quickly and strengthening its regional supply chain [4] - Plans are in place to adapt the furnaces to Campine's proprietary technology for recovering additional metals, aligning with its multi-material recycling strategy [4] Benefits Across Campine's Businesses - The acquisition will bolster Campine's recycled plastics business unit, as the Ecobat plants produce around 3,000 tons of polypropylene waste annually from battery casings [5] Exclusions from the Deal - The transaction does not include Ecobat's Li-ion collection activities or its new lead-acid battery sales and distribution in France [6]