Nextchem, MAIRE’s company dedicated to Sustainable Technology Solutions led by Fabio Fritelli, has acquired a 70% stake in ETEK, which holds 100% of its subsidiary SISEMTEK. Both companies are active in the large-scale recycling of precious metals and critical raw materials from end-of-life products like e-waste, mineral waste, EV batteries and photovoltaic panels.
Thanks to ETEK’s hydrometallurgical solution, pyrometallurgical technology, proprietary technologies and SISEMTEK’s technical-manufacturing expertise, the transaction will cover the entire value chain of the metal recovery process, both upstream and downstream. For Nextchem, this represents a fundamental milestone in the evolution of its circular solutions beyond plastic recycling and waste gasification, allowing the company to strengthen its presence in the valorization of strategic materials. This expansion will enhance its offering for high-tech and industrial sectors, which are increasingly influenced by the availability of critical raw materials.
“Circularity becomes real when waste stops being the end of a story. At Nextchem, we have been building this vision step by step, strengthening our circular solutions platform through innovation, industrial execution and strategic acquisitions – comments Managing Director Fabio Fritelli in a LinkedIn post – From plastic upcycling and chemical recycling to the valorisation of end-of-life streams, our goal has always been the same: transforming waste into value. Today, with the acquisition of a 70% stake in ETEK, which holds 100% of SISEMTEK, we add a new capability to this journey: the recovery of strategic and precious metals from complex waste streams. As critical raw materials become increasingly important for both the energy transition and digital transformation, keeping these resources in circulation will be essential. This is not simply a waste management challenge. It is an industrial opportunity”.
The Enterprise Value of 100% of both companies stands at 17.5 million euros. The total consideration amounts to 11.1 million euros, of which 5.0 million euros was funded through existing credit lines granted to Nextchem, with the remaining balance structured through a series of potential earn-outs linked to the future performance of the company up to 2030.
To view the LinkedIn post:
