Sunlight Group Energy Storage Systems has acquired 100 per cent of the share capital of its subsidiary Triathlon Holding GmbH (Triathlon).
The agreement follows the acquisition of 51 per cent of Triathlon announced at the beginning of 2023 that involved the â€œautonomous commercial operation of the two companiesâ€.
Sunlight said acquiring 100 per cent of Triathlon had the potential to â€œmaximise said synergies much fasterâ€.
The acquisition agreement will also optimise the production facilities operated around the world under a single management team. The founder and managing director of Triathlon Group, Martin Hartmann, will become a minority shareholder at Sunlight Group and member of its board of directors. Hartmann will also become the new Group Chief Commercial Officer for industrial mobility, reporting directly to the Sunlight Group CEO, Lampros Bisalas.
Lampros Bisalas, CEO of Sunlight Group and executive board member, said: â€œIâ€™m thrilled that a collaboration going back 20 plus years is concluded in the best possible way. Martinâ€™s wealth of experience in our sector, and indeed in markets very important for us, is priceless. There are only gains to reap from our one group vision, destined to lead in the sectors weâ€™re active.â€