Compleo acquires E.ON subsidiary innogy eMobility Solutions
Cologne — With a team led by Dr. Oliver Böttcher and Kristina Schneider from the Cologne office, Heuking Kühn Lüer Wojtek advised Compleo Charging Solutions AG on the acquisition of E.ON subsidiary innogy eMobility Solutions GmbH (“ieMS”).
The acquisition of ieMS, which has been under negotiation since July, will create one of Europe’s leading full-service providers of charging technology at the Dortmund location. With the purchase, Compleo takes over the entire workforce as well as all customer relationships of ieMS, as well as the subsidiary of ieMS in Germany and the United Kingdom. The business of ieMS’s US subsidiaries remains excluded from the agreement. The transaction is expected to be completed at the turn of the year 2021/2022.
The team led by Cologne-based Heuking partners Böttcher and Schneider has already comprehensively advised Compleo on the acquisition of wallbe GmbH (now Compleo Connect GmbH) in the 1st half of 2021.
Compleo Charging Solutions AG is one of the leading full-service providers of charging technology for electric vehicles in Europe. The company supports its business customers with its charging technologies as well as its charging stations, the backend of the charging infrastructure and, if required, also with planning, installation, maintenance and service. Compleo’s offering includes both AC and DC charging stations. DC charging stations from Compleo are the first DC charging stations on the market that comply with calibration laws. The company is headquartered in Dortmund, Germany, with product facilities located in Paderborn, Germany, in addition to Dortmund. In doing so, 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 currently employs more than 400 people. Since October 2020, Compleo has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2QDNX9). In April 2021, Compleo acquired 100 percent of the shares in wallbe GmbH, now Compleo Connect GmbH.
As a technology company with over 12 years of experience, ieMS develops and produces charging hardware as well as digital services for electromobility. The charging hardware can be controlled using ieMS software services as well as third-party systems. The ieMS eMobility backend already networks around 200,000 charging points in around 30 countries worldwide. innogy eMobility Solutions has its own sites in Germany, the UK, the USA and the Philippines and is a wholly owned subsidiary of the E.ON Group.
Advisors to Compleo Charging Solutions AG: Heuking Kühn Lüer Wojtek
Dr. Oliver Böttcher, Kristina Schneider, LL.M., (both lead partners), both Cologne
Michael Kömpel (all Corporate, M&A), Cologne, Dr. Ruben A. Hofmann, Dr. Peter J. Fries (both IP), both Cologne, Dr. Thorsten Kuthe, Ebru Köroglu (both Capital Markets), both Cologne, Prof. Dr. Martin Reufels, LL.M., Markus Schmülling, Dr. Christoph Katerndahl (all Labor Law), all Cologne
Dipl.-Kfm. Dr. Thorsten Leisbrock (Pensions), Cologne, Dr. Lutz M. Keppeler, Svea Kunz (both IT, all Cologne), both Cologne;
Tim Petermann (distribution law), Fabian G. Gaffron, Dr. Sarah Slavik-Schulz (tax), all Hamburg;
Beatrice Stange, LL.M., Michael Vetter, LL.M. (both Antitrust Law), both Düsseldorf
Marc Baltus (Energy Law), Düsseldorf, Mathis Dick, LL.M. (Real Estate Law), Düsseldorf, Dr. Susanne Stauder (Compliance), Düsseldorf;
Dr. Katharina Prasuhn (Due Diligence), Peter M. Schäffler (Tax Due Diligence) both Munich;
Michael Neises, Dr. Christoph Gringel, Michèle von Lewinski (all Financing) all Frankfurt