Sunlight Group Energy Storage Systems (Sunlight Group), a member of Olympia Group and global technology company specialising in integrated and innovative off-road mobility storage systems for intralogistics and Energy Storage Systems for renewables, continues its robust expansion plan via the acquisition of 51% of the share capital of Triathlon Holding GmbH. From this agreement, a true global leader emerges, transforming the landscape of the off-road mobility sector (electric vehicles used in intralogistics, robotics and Automated Guided Vehicles-AGVs), and the energy storage sector for renewable energy applications. The combined organisation is set to pursue a leadership role, mainly in Europe and the US, significantly contributing to decarbonisation and energy security, building on scalable production and innovation capabilities, in both lead-acid and lithium-ion batteries.

Left to right: Martin Hartmann, CEO of Triathlon Holding GmbH and Lampros Bisalas, CEO of Sunlight Group Energy Storage Systems.

The acquisition agreement was signed on 5 December 2022 in Munich by Lampros Bisalas, CEO of Sunlight Group, and Martin Hartmann, CEO of Triathlon Holding GmbH. Following the clearance of the transaction, pending the relevant approval of the competent competition authorities, Sunlight Group’s acquisition of 51% of the share capital in Triathlon Holding GmbH will be completed. Triathlon’s former major shareholder, Geraer Batterie Dienst GmbH, shall retain 49% of the company and Mr. Hartmann shall remain in the position of CEO, in charge of daily operations and expansion. The two industry-leading companies shall continue their autonomous commercial operations. At the same time, they will partner to maximise efforts to service the global market, while leveraging synergies in both current and new sectors.

Sunlight Group and Triathlon Holding GmbH have a combined turnover of more than €1bn, operate more than 35 facilities (manufacturing plants and warehousing, R&D hubs, sales, and customer service offices) in 12 countries, and jointly employ 3,050 people around the world. Their cooperation goes back 20 years, and this agreement deepens and further empowers this partnership, creating a true global leader in the batteries sector – especially in the growing market of lithium batteries for industrial applications and energy storage for renewables.

Joining forces for the two companies means extending production capacity, offering a richer portfolio of products and services, as well as wider geographical reach. It also paves the way for increased global sales, reduced operational costs via collaboration across various activities, and growth opportunities in new markets. The customers of the two organisations shall also greatly benefit from this agreement thanks to optimised efficiency, well-positioned distribution networks, and wider after-sales service coverage, production capacity and innovation capability. The latter reflects the focus and dedication of the two companies in Research & Development, where impressive scale effects should be expected from the 200+ highly educated and experienced R&D specialists, engineers and other scientists employed by Sunlight and Triathlon. They are both European champions of high technology and innovation, focusing on building a complete value chain, from cells to complete batteries and integrated systems, transitioning to a fully circular future of regenerative production processes.

Sunlight Group is a member of the international and diversified investment group, Olympia Group. As a company, Sunlight carries over 30 years of knowledge and experience in the development, production and distribution of lead-acid and lithium-ion batteries for industrial mobility used mainly in the intralogistics sector, where the company holds a worldwide leadership position, leisure mobility, and Energy Storage Systems for renewables. These innovative offerings are manufactured in state-of-the-art facilities in Greece (Xanthi, Komotini and Kilkis), Italy (Verona and Vignola), USA (Greensboro and Mebane, North Carolina) and exported to more than 115 countries via Sunlight’s sales and distribution offices in Germany, the Netherlands, Luxemburg, Denmark, UK, Italy, and Romania, as well as its extensive network of partners worldwide. Building on years of research in industrial applications and with a top-notch R&D team, Sunlight is investing significantly in innovation, sustainability, and green energy, currently employing over 1,850 employees in its various facilities.

Comments are closed.