Sunlight Group Energy Storage Systems has acquired 51% of the share capital of Triathlon Holding. 

The combined organisation is set to pursue a leadership role, mainly in Europe and the US, significantly contributing to decarbonisation and energy security, building on scalable production and innovation capabilities, in both lead acid and lithium ion batteries.    

The purchase is subject to relevant regulatory approval and the financial details have not been disclosed.

Triathlon’s former major shareholder, Geraer Batterie Dienst, will retain 49% of the company and Triathlon CEO Martin Hartmann will stay on as CEO of the combined entity.

Sunlight Group and Triathlon Holding have a combined turnover of more than EUR1 billion (USD1.05 billion), operating more than 35 facilities (manufacturing plants, warehousing, R&D hubs, sales and customer service offices) in 12 countries, and jointly employ 3,050 people across three continents.

Their collaborative relationship goes back 20 years, and this agreement deepens and further empowers their partnership.