Compleo Charging Solutions AG’s Merger With Wallbe GmbH

Heuking Kühn Lüer Wojtek advised Compleo Charging Solutions AG on the deal.

Compleo Charging Solutions AG annouced its merger with wallbe GmbH. Closing of the transaction and the merger of the operating businesses of Compleo and wallbe are expected by the end of April.

The merger of the companies, which complement each other in their products and services, is expected to create a major provider of charging solutions in Europe and is designed to strengthen Compleo’s and wallbe’s leading position in the German market and in Europe.

Compleo will acquire 100% of the shares in wallbe in exchange for about one third in Compleo shares, with about two thirds to be paid in cash from existing liquidity. wallbe’s two previous and largest owners, enercity AG (about 50%) and Weidmüller Mobility Concepts GmbH & Co. KG (about 26%), as well as Dr. Dominik Freund, will be new Compleo shareholders.

Compleo is a leading provider of charging solutions for electric vehicles. The company supports complete solution providers with its charging stations and, if required, also with the planning, installation, maintenance, service, or backend of the charging infrastructure. Compleo’s offering includes both AC and DC charging stations. Compleo’s DC charging stations are the first DC charging stations on the market that comply with German calibration law. The company develops and manufactures all products at its Dortmund site. The manufacturer focuses on innovation, safety, consumer-friendliness, and cost-effectiveness. Compleo started production of the first charging stations in 2009. The fast-growing company is headquartered in Dortmund and currently employs more than 260 people. Compleo has been listed in the Prime Standard segment of Frankfurt Stock Exchange since October 2020.

wallbe is a specialist for intelligent charging solutions (e.g. for parking structures with RFID and NFC, OCPP, energy logging). Data transfer via LAN or GSM and matching connections into existing IT-systems as well as solutions for charging infrastructure for electric vehicles in connection with load management systems and renewable energy (e.g. solar, wind, or biogas) are a key competence of wallbe.

The Heuking team was led by Dr. Oliver Böttcher (Picture) and further included Kristina Schneider, Dr. Philipp Jansen, Dr. Christoph Schork, Anna Schäfer, Dr. Thorsten Kuthe, Meike Dresler-Lenz, Dr. Ruben Hofmann, Dr. Sascha Schewiola, Dr. Lutz Keppeler, Dr. Lutz Keppeler, Fabian G. Gaffron, Beatrice Stange, Klaus Weinand-Härer and Adam Brockmann.

Involved fees earner: Oliver Böttcher – Heuking Kühn Lüer Wojtek; Adam Brockmann – Heuking Kühn Lüer Wojtek; Meike Dresler-Lenz – Heuking Kühn Lüer Wojtek; Fabian Gaffron – Heuking Kühn Lüer Wojtek; Ruben Hofmann – Heuking Kühn Lüer Wojtek; Philipp Jansen – Heuking Kühn Lüer Wojtek; Lutz Keppeler – Heuking Kühn Lüer Wojtek; Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Tim Petermann – Heuking Kühn Lüer Wojtek; Anna Elisabeth Schäfer – Heuking Kühn Lüer Wojtek; Sascha Schewiola – Heuking Kühn Lüer Wojtek; Kristina Schneider – Heuking Kühn Lüer Wojtek; Christoph Schork – Heuking Kühn Lüer Wojtek; Beatrice Stange – Heuking Kühn Lüer Wojtek; Klaus Weinand-Härer – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: Compleo Charging Solutions AG;

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Author: Federica Tiefenthaler