Mutares has successfully sold its majority stake in LiBCycle to the Reverse Logistics Group, enabling further development in the emerging battery logistics market.

Information on the Target

Mutares SE & Co. KGaA has successfully completed the sale of its majority stake in LiBCycle, a company under the inTime Group, to the Reverse Logistics Group (RLG). LiBCycle specializes in providing comprehensive logistics solutions for defective lithium-ion batteries and reported an annual revenue of EUR 4.1 million in 2025. The acquisition will allow RLG, an expert in circular economy practices, to further develop LiBCycle within its broader portfolio.

LiBCycle integrates specialized transport, warehousing, and hazardous waste disposal services. It operates over 30 active cross-docking facilities across key European markets. The company serves prominent original equipment manufacturers (OEMs) and battery recyclers, establishing itself as a significant pioneer in the rapidly growing European battery circular economy.

Industry Overview in the Target’s Specific Country

The European battery circular economy is evolving rapidly, driven by increasing demand for sustainable and efficient battery recycling solutions. With stringent environmental regulations and a growing focus on renewable