Sunlight Group Unlocks Value Through Strategic Realignment and Restructuring

Sunlight Group a member of Olympia Group, announces a strategic realignment and internal restructuring to sharpen its focus on core strengths and accelerate growth in the rapidly evolving energy storage market. This simplification, achieved through key transactions, optimizes Sunlight’s portfolio and unlocks value through greater management focus and incentivization.

Sunlight Group, through its Triathlon Group subsidiaries divests its majority stake (47.88%) in Voltabox AG (“VBX”). In addition, part of this strategic realignment, is also the sale of 99% of EKM Elektronik GmbH, as well as the sale of IBR Solutions GmbH. Subject to the closing of the above transactions, Sunlight Group, through its wholly owned indirect subsidiary, Triathlon Batterien GmbH, intends to acquire from VBX, VoltaMobil, a provider of high-voltage battery solutions for specialized applications such as construction, agricultural, bus, and light commercial vehicles. The VoltaMobil team, with expertise in project management, sales, and after-sales service, would ensure continuity and allowing Sunlight Group to optimize its portfolio for key growth areas.

Through this chain of transactions, Olympia Group directly and indirectly through its Subsidiary Sunlight Group gains control over an additional 12% of the Sunlight Group, previously held by Geraer Batterie Dienst GmbH (“GBD”). GBD will remain a shareholder of Sunlight Group with 2% shareholding, following the completion of the transaction.

Lampros Bisalas, CEO of Sunlight stated "Sunlight Group is committed to driving innovation and deliver great value to its customers. This strategic simplification and key divestments enable us to sharpen our focus, creating value through greater management focus, incentivization, and a clearer equity story with better management of our cash towards new ventures and opportunities in the market. These moves position us for long-term success, allowing us to deliver exceptional value to our stakeholders, employees, and customers”.

The divestment and acquisition are subject to customary conditions and are expected to close by end of February 2025.