Saubermacher Dienstleistungs AG has acquired a 55% stake in Redux Group for US$20 million.
Located in Austria, Saubermacher Dienstleistungs AG is a waste management company, serving private business, municipalities and households, offering Individually tailored disposal solutions. “This acquisition is a part of of the company’s realignment process, in the course of which we are pursuing further investments in the high technology recycling process sector," said Dagmar Heiden-Gasteiner, CFO of Saubermacher Dienstleistungs AG.
Founded in 1997, Redux Group, consisting of two operative entities, Redux Technologie GmbH and Redux Recycling GmbH, is the European market leader in the area of battery sorting, processing and recycling.
Oaklins' team in Austria acted as financial advisor to the buyer in this transaction, providing commercial market assessments, financial modelling valuation and acquisition price considerations, SPA negotiations and earn-out purchase price mechanism.
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