Compleo acquires E.ON subsidiary innogy eMobility Solutions

Photo: A char­ging solu­tion from Compleo Char­ging Solu­ti­ons AG
1. Novem­ber 2021

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

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