Ethica Group, through its M&A Advisory team, advised the shareholders of ETEK, an Italian company specialized in large-scale technologies and solutions for the upstream and downstream treatment of metals from large waste streams, in the sale of a majority stake to NEXTCHEM, a subsidiary of MAIRE and head of the Sustainable Technology Solutions business unit.
The transaction involves the acquisition of a 70% stake in ETEK, which fully owns its subsidiary SISEMTEK, a company specialized in the construction of large-scale TBRC (Top Blown Rotary Converter) furnaces and other key equipment supporting the industrial-scale application of ETEK’s technology platform.
In particular, ETEK’s technology enables the treatment of a wide range of feedstocks, including industrial waste, spent catalysts, batteries, photovoltaic panels, mining residues and other metal-containing industrial waste.
This acquisition enables NEXTCHEM to cover the entire process value chain, incorporating ETEK’s large-scale hydrometallurgical and pyrometallurgical technology solutions together with SISEMTEK’s manufacturing expertise, backed by a strong track record in licensing, engineering services and proprietary equipment.
The transaction marks a significant milestone in NEXTCHEM’s evolution in the field of circular economy solutions, further enhancing its diversified technology platform beyond plastic recycling and waste gasification.
