July 20, 2023: The Sunlight Group said on July 18 it had acquired 100% ownership of Germany-based Triathlon Holding.
The move follows Sunlight’s announcement in February that it had acquired a 51% controlling stake in Triathlon, which operates two production and R&D facilities in Germany, as well as a lead acid batteries assembly plant in Dallas.
Having full control of Triathlon will optimize production facilities operated around the world under a single management team, Greece-based Sunlight said.
The acquisition will also accelerate innovation and investment in development of lithium ion and lead acid battery tech.
CEO Lampros Bisalas said: “There are only gains to reap from our one group vision, destined to lead in the sectors in which we’re active.”
In May, Bisalas said Sunlight would further invest to ramp up lead battery recycling at its operation in northeastern Greece.
He said the group is also on course to launch a lithium battery recycling plant within the next three years on the back of a €30 million ($32 million) investment by the company, plus a €3.5 million contribution from the European Union.
Photo: Sunlight CEO Lampros Bisalas (right) and Triathlon CEO Martin Hartmann