Announced
Financials
Tags
energy solutions
Friendly
Private
Cross Border
Pending
Majority
Acquisition
Single Bidder
Germany
Renewable Energy Equipment
Synopsis
Sunlight Group, a firm engaged in the development, production and distribution of lead-acid and lithium-ion batteries for industrial mobility, agreed to acquire a 51% stake in Triathlon Holding, a provider of efficient battery and energy solutions. Financial terms were not disclosed. "At Sunlight, we've been stating that our goal is to become a global leader in motive power batteries for the intralogistics sector and Energy Storage Systems for renewables, and today's agreement is a decisive step in that direction. Today, we partner with a company that shares our drive and values, our passion for innovation and R&D, and our vision for global reach. Sunlight and Triathlon have been long-standing partners in both good times and challenging ones, and this is an historic moment for both of us," Lampros Bisalas, Sunlight Group CEO.
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