Sunlight Group Energy Storage Systems has signed an acquisition agreement for 70% of Technoform, a Kilkis-based company that designs and manufactures state-of the-art moulds and components.
Technoform’s founding Dokouzgiannis family retains 30% of the company.
Sunlight CEO Lampros Bisala says: "With this agreement to acquire 70% of Technoform, we enhance an already established and excellent collaboration. At Sunlight Group, we focus our mergers and acquisitions program on creating value from the autonomous operation of the companies in which we have interests, while strengthening Sunlight’s position globally. Our vision is for Technoform to continue growing, regardless of its relationship with Sunlight, and increase its customers in Greece and abroad.
“With Sunlight’s support, Technoform will implement an ambitious investment plan to broaden its product portfolio and increase its competitiveness on a global scale, via further automatisation of production. The fact that the Dokouzgiannis family will remain at the company, especially the promising young generation, inspires optimism for the future. At the same time, we support employment and the growth of the local economy in Kilkis, as, just for 2022, Technoform is planning a 30% increase of its workforce."
Following its strong financial performance in the first half of last year and estimates for a 50% increase in turnover at the end of the year, Sunlight Group continues implementing its business plan. The five-year plan aims to expand the company’s production capacity in lead-acid and lithium-ion batteries and energy storage systems.
Sunlight is a member of Olympia Group, an international investment group with presence in 10 countries. With 30 years of experience in the energy storage sector, Sunlight Group is one of the leading companies in the global production of industrial batteries and energy storage systems, with exports to more than 100 countries and state-of-the-art facilities and production plants in Greece, Italy and the USA.