Company acquisition

Kostal Group takes over Compleo Charging Solutions

05/03/2023 | Print view

This is how Compleo presented itself at last year’s Power2Drive in Munich. - © Heiko Schwarzburger — © Heiko Schwarzburger

This is how Compleo presented itself at last year’s Power2Drive in Munich.

The acquisition strengthens the e-mobility business segment at the Kostal Group, which is active in the solar industry with charging solutions and power electronics. Compleo had been in self-administered insolvency since December.

Kostal intends to use it to further expand stationary charging technology, especially in combination with solar power. The activities will be bundled under the Compleo brand. The Compleo board around Jörg Lohr (CEO) and Peter Hamela (CFO) continues to contribute its expertise to accompany the integration into the Kostal Group.

In order to complete the transaction, the administrator and the creditors' committee of Compleo must agree. Furthermore, court confirmation of the insolvency plan and regulatory clearances must be awaited. Both parties expect the takeover to take place in June 2023. Automotive supplier Kostal aims to become market leader in semi-public and public charging infrastructure in Europe. (HS/mfo)

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