Sunlight Group Energy Storage Systems of Greece announced it acquired the remaining share capital of its German battery subsidiary Triathlon Holding.
It said on Tuesday it will now look to utilise joint assets and resources to make the most of opportunities in its two key areas – mobility batteries and the rapidly growing sector of energy storage for renewables.
Sunlight acquired 51% of Triathlon at the start of 2023.
A single management team will be in charge of Sunlight’s 36 production facilities worldwide. Founder and managing director of Triathlon, Martin Hartmann, becomes a minority shareholder of the Sunlight group and joins its board of directors. He becomes the new group chief commercial officer for industrial mobility.
Lampros Bisalas, CEO of the Sunlight group, said: “I’m thrilled that a collaboration going back 20+ years is concluded in the best possible way. Martin’s wealth of experience in our sector, and indeed in markets very important for us, is priceless.”
The company’s production capacity is 19.6 GWh. It makes both lead-acid and lithium-ion batteries. It said the new set-up significantly advances its ambition to build a 20 GWh gigafactory in Europe producing lithium-ion battery cells for the industrial mobility and energy storage system sectors.
Photo: Martin Hartmann (left) and Lampros Bisalas join forces
