Thommen Group acquires stake in battery service firm

Swiss multimaterials recycling company Thommen Group has acquired a stake in LiBaService24 AG, a fellow Switzerland-based firm involved in handling high-voltage (HV) batteries from electric vehicles (EVs) and residential and industrial energy storage systems.

Thommen says the partnership establishes a unique, integrated solution in Switzerland for the secure management of used, defective or critically damaged HV batteries, from recovery to recycling.

The growth of EVs and battery-based storage systems means the need for safe and legally compliant handling of HV batteries is increasing significantly, according to Thommen Group.

Through the partnership, Thommen says customers will benefit from a comprehensive service chain that covers all key processes, including integrated reverse logistics, emergency and quarantine management, transport, diagnostics, repair and transfer to facilities with certified recycling processes.

“With this partnership, we make the safe handling of high-voltage batteries simple, efficient, and fully compliant, from breakdown to recycling,” Thommen Group CEO Pouyan Dardashti says.

LiBaService24 operates a nationwide network of qualified partners available around the clock.

“Their extensive experience in electromobility, industrial energy storage and hazardous goods handling sets them apart,” Thommen Group says.

The two companies say they can provide a service designed for car importers, workshops, battery manufacturers and importers, insurance companies, logistics providers, emergency services and public authorities that rely on a safe and dependable solution for handling HV batteries.