Ecobat expands into new e-mobility and motive power markets
Ecobat, the global leader in battery recycling, announced today that it has acquired Belgium-based industrial battery distributor, Emrol.
“The Emrol acquisition perfectly complements our current operations allowing Ecobat to serve our customers in Europe with more diverse solutions and services for energy storage,” said Ecobat Chief Executive Officer, Jimmy Herring. “As a leading distributor of motive power solutions used in industrial applications, this strategic acquisition of Emrol underscores our continued strategy to grow Ecobat Battery across Europe.”
This acquisition expands Ecobat’s footprint throughout the Benelux region and diversifies Ecobat’s offerings of batteries in non-automotive verticals such as motive power and niche e-mobility markets. Additionally, Emrol distributes a range of battery types, including lithium-ion batteries, that will fortify Ecobat’s leading position in Europe.
The e-mobility market is rapidly growing, with revenue expected to exceed $700 billion by 2030 (according to Precedence Research). With this acquisition, Ecobat is well positioned to be part of the future growth of this market.
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