Sunlight Group, the Greek technology and energy storage company, said it acquired a 51% stake in Lehmann Marine.
It marks its entry into the maritime battery market, which it said is “driven by the increasing demand for sustainable shipping solutions.”
Sunlight Group claims over 30 years’ experience in lithium-ion and lead-acid batteries. It operates in industrial mobility and specialised sectors such as submarine batteries. Lehmann Marine specialises in non-flammable lithium iron phosphate (LFP) batteries.
Sunlight Group said the acquisition will allow for Lehmann’s production capacity to be matched with Sunlight’s manufacturing abilities for maritime battery systems. Research and development teams will work closely together, it said, which will lead to both companies being able to offer high-performance and energy efficient battery systems.
Sunlight hopes to use the acquisition to:
- share procurement of lithium cells
- automate production lines
- optimise the cost of designs.
Alexander Lehmann, managing director of Lehmann Marine, said: “Partnering with Sunlight Group gives us a powerful ally. Their extensive knowledge and decades of experience in the global battery market will enhance our production significantly. This collaboration opens new avenues to more effectively satisfy the growing demand for our maritime energy storage solutions, including our CUBE and COBRA battery systems.”
Lampros Bisalas, Sunlight Group CEO, said: “By combining our expertise with Lehmann Marine’s, we are positioning ourselves at the forefront of the rapidly growing maritime battery market. Together, we are well-equipped to lead the transition to sustainable shipping solutions, driving both innovation and growth in an industry poised for significant expansion.”