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Retriev Technologies Acquires Battery Solutions To Create Largest Comprehensive Battery Management Solution In North America

Mar 09, 2022•over 3 years ago

Acquiring Company

Cirba Solutions

Acquired Company

Cirba Solutions

CharlotteCharlotteRenewable EnergyEnergyManufacturingRenewable EnergyEnergyManufacturing

Description

Retriev Technologies, the most comprehensive lithium battery recycler in North America and the pioneer in end-of-life battery management, has acquired Battery Solutions, the North American leader in sustainable, end-to-end management solutions for end-of-life batteries and consumer electronics. The combined offering brings two complementary industry leaders together to create the first and only comprehensive battery management solution in North America.

Company Information

Company

Cirba Solutions

Location

Charlotte, North Carolina, United States

About

Cirba Solutions is a premier battery recycling materials and management company using advanced technology to extract critical materials from scrap and used batteries and then supplying those battery-grade metals back into the supply chain. The only vertically integrated team with an operational, differentiated platform and a full suite of capabilities. Creating a circular battery supply chain is critical to ensuring that today's resources are used to their fullest potential.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed