Sunlight Group strengthens presence in Asia-Pacific
Athens, Greece, 11 October 2023
Acquisition of remaining 49% of the common equity share capital in Australia-based Triathlon Battery Solutions Pty
Sunlight Group Energy Storage Systems, a member of Olympia Group and a global technology company specializing in innovative industrial mobility batteries for the intralogistics sector as well as Energy Storage Systems for renewables, announces the acquisition of 100% of the common equity share capital of its Australian subsidiary Triathlon Battery Solutions Pty Ltd, through its subsidiary, Triathlon International GmbH."
Triathlon Battery Solutions Pty Ltd was first incorporated in January 2020. Since then, the company has experienced a steep development and gained significant market shares in the main sales markets of Australia and New Zealand in a short period of time. Today, it is one of the fastest growing suppliers of advanced, innovative lithium batteries on the continent.
From its headquarters in Sydney the company provides sales of batteries, corresponding charging systems and accessories. A service team is dedicated to customer-centric maintenance, servicing and repairs of the products. Besides, Triathlon Australia offers battery rental solutions, battery refurbishment and customized assembling for lead-acid batteries.
Holger Aschke, USA and APAC Business Development Executive Director stated: “We highly value having a strong local presence of Sunlight Group in Australia and the region. This is reflected in our decision to the strengthen our share to full ownership in Triathlon Battery Solutions Pty Ltd. We believe that the Asia-Pacific region offers highly attractive growth chances and a market to be shaped by our advanced lithium solutions. In particular, we see excellent opportunities in Australia in the area of Energy Storage Systems for renewables, which we intent to capitalize in the upcoming years, leveraging our distinctive product and solution portfolio.”
The acquisition of 100% of the common equity share capital of Triathlon Battery Solutions Pty Ltd is a further step in Sunlight's strategy to build a One Group with the goal of becoming a true global leader in energy storage systems for industrial and stationary applications. As One Company, Sunlight Group and its subsidiaries are emphasizing a more platform-based approach to operations while leveraging synergies in sales, warehousing and assembly operations to benefit customers, shareholders, stakeholders and Sunlight Group's of more than 3,200 employees.