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Announced

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Sunlight Group completed the acquisition of a 51% stake in A. Müller.

Synopsis

Sunlight Group, a technology company specialising in integrated and innovative industrial and off-road energy storage solutions, completed the acquisition of a 51% stake in A. Müller, a batteries, power supply systems, charging technology and accessories provider. Financial terms were not disclosed. "We’re excited to finalize yet another important partnership and milestone in Sunlight Group’s investment plan and our continued efforts to further develop the battery sector and maximize our global reach. Following our establishment in the US and Italy with manufacturing and sales facilities, we are delighted to also formalize our physical presence in Germany and neighboring countries, where the market for batteries, and especially lithium ones, is growing fast. We are investing in the expertise of A. Müller, a valued and trusted partner for many years with an established sales, distribution and service network, and deep knowledge of the market," Lampros Bisalas, Sunlight Group CEO.

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