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Sunlight Group acquires 100% of Triathlon Holding

Sunlight Group takes a decisive step in its global expansion by acquiring 100% of Triathlon Holding GmbH. This consolidation will strengthen the company's leading position in industrial mobility batteries and renewable energy storage, opening up new opportunities for innovation and growth.

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Sunlight Group

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Sunlight Group, a global specialist in industrial mobility batteries and renewable energy storage systems, has acquired 100% of its subsidiary Triathlon Holding GmbH (Triathlon). This acquisition follows the takeover of 51% of Triathlon announced at the beginning of 2023, enabling the two companies to operate autonomously and seek synergies.

Global synergies in action: Sunlight Group on the road to energy leadership

With this acquisition, Sunlight Group aims to maximize synergies more rapidly for the benefit of its customers, shareholders, stakeholders and employees, who number over 3,200. This strengthened unification will also enable the company to make efficient use of its resources and assets to become a leader in industrial mobility batteries and renewable energy storage.

The acquisition agreement will also optimize production facilities operating worldwide under a single management team, improving customer service for customers, regardless of their location.

The acquisition will also accelerate innovation in the field of lithium-ion batteries, where Sunlight Group already has strong competencies and is investing significant resources to further develop its products.

A visionary duo: Martin Hartmann and Lampros Bisalas lead Sunlight Group into a sustainable energy future

Martin Hartmann, founder and CEO of Triathlon Group, will become a minority shareholder in Sunlight Group and a member of its Board of Directors. He will also take on the role of Group Sales Director for Industrial Mobility.

Sunlight Group CEO Lampros Bisalas expressed his satisfaction with the collaboration, which has developed over more than 20 years. He stressed that the vision of a unified group will strengthen the company’s position in the markets in which it operates.

With this acquisition, Sunlight Group aims to occupy a global leadership role in industrial mobility batteries and renewable energy storage, focusing on the European and American markets, where the company has a total of 15 production units.

Finally, this acquisition strengthens Sunlight Group’s position to achieve its ambition of establishing a 20 GWh Gigafactory in Europe, designed to exclusively produce lithium-ion battery cells for the industrial mobility and energy storage systems sectors.

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