Regenerate Technology Global Announces European Acquisition to Accelerate Sustainable Battery Transition
Two Operating Companies in Sweden will Expand Company’s Ability to Provide Major Clients with Access to Regenerate’s Patented Technologies and Battery Material Processing Facilities
Regenerate Technology Global, Inc., a developer and provider of advanced technologies and services for the global battery-based energy supply chain, announced today that it has acquired Infinion SARL, a Luxembourg company that owns and operates two companies in Sweden providing advanced battery services. The acquisition, expected to close in early April, represents a key addition to Regenerate’s existing battery technology and battery processing facilities in Bologna, Italy and Glasgow, Scotland, and is the first of additional acquisitions planned for 2024.
Permit Sweden
In September 2023 Beg Bildelar I Kolbäck AB was approved an environmental and operational recycling permit for 10,000 metric tonne for alkaline batteries, which will enable them to recycle all the alkaline batteries from Scandinavia. The permit and future investment is a starting milestone and gives the possibility to be expanded to include other battery chemistries and material in the future.
In September 2023 Beg Bildelar I Kolbäck AB was approved an environmental and operational recycling permit for 10,000 metric tonne for alkaline batteries, which will enable them to recycle all the alkaline batteries from Scandinavia. The permit and future investment is a starting milestone and gives the possibility to be expanded to include other battery chemistries and material in the future.
Acquisition Sweden
Infinion acquires Beg. Bildelar i Kolbäck AB. BBIK AB is a company located in the middle of Sweden and is focused on car dismantling. The acquisition is Infinions first acquisition and will be central for their R&D activities in battery value chain and operations in Scandinavian. Infinion’s mission is to enable and accelerate the green energy transition.
“The acquistion is in line with our goal of speeding up the green transition by enabling our first footprint, and ability to lower CO2 emissions”, says Infinion CEO Peter Qvarfordt
Infinion acquires Beg. Bildelar i Kolbäck AB. BBIK AB is a company located in the middle of Sweden and is focused on car dismantling. The acquisition is Infinions first acquisition and will be central for their R&D activities in battery value chain and operations in Scandinavian. Infinion’s mission is to enable and accelerate the green energy transition.
“The acquistion is in line with our goal of speeding up the green transition by enabling our first footprint, and ability to lower CO2 emissions”, says Infinion CEO Peter Qvarfordt