As the company states, this initiative, carried out through targeted transactions, optimizes the Sunlight portfolio and creates value by enhancing management guidance and providing incentives.
Sunlight Group, through its subsidiaries Triathlon Group, is divesting its majority stake (47.88%) in Voltabox AG ("VBX"). Additionally, as part of this strategic reshaping, the sale of 99% of EKM Elektronik GmbH and the sale of IBR Solutions GmbH are included.
Upon completion of these transactions, Sunlight Group, through its wholly-owned subsidiary, Triathlon Batterien GmbH, aims to acquire VoltaMobil from VBX, a provider of high-voltage battery solutions for specialized applications such as construction, agriculture, buses, and light commercial vehicles. The VoltaMobil team, with expertise in project management, sales, and after-sales service, will ensure a smooth transition, enabling Sunlight Group to optimize its portfolio in key growth sectors.
Through this chain of transactions, Olympia Group directly and indirectly acquires an additional 12% of Sunlight Group via its subsidiary, Sunlight Group, a stake previously held by Geraer Batterie Dienst GmbH (GBD). GBD will remain a shareholder of Sunlight Group with a 2% stake after the transaction is completed.
Lambros Bissalas, CEO of Sunlight Group, emphasized: "Sunlight Group is committed to driving innovation and delivering added value to its customers. The strategic restructuring and significant divestitures allow us to focus on our core priorities, creating new opportunities through enhanced management guidance, incentives, and investment strategy to better manage our resources for new investments and market opportunities. These moves guide us towards long-term success, allowing us to deliver value to our shareholders, employees, and customers."
The transactions are subject to customary terms and are expected to be completed by the end of February 2025.
