Gimv acquires majority stake in Smart Battery Solutions
Kleinostheim/ Munich — The investment company Gimv has acquired a majority stake in Smart Battery Solutions GmbH(SBS). According to Gimv, this is intended to continue SBS’s strong growth course in the dynamic battery market, strengthen its staff and expand its production capacities. P+P Pöllath + Partners provided comprehensive legal and tax advice to the buyer Gimv. Photo: Sven Oleownik Partner — Head Gimv Germany.
Smart Battery Solutions GmbH, based in Kleinostheim in Lower Franconia, was founded in 2010 and today employs around 50 people. The company develops, produces and sells lithium-ion battery systems in the low-voltage range of up to 60 volts. The product range extends from the customized assembly of cells produced by third parties to the development and production of intelligent energy storage systems and charging technologies. In addition, SBS has developed several proprietary battery management systems that control the operation of batteries and ensure their safe use.
SBS products are used in numerous eMobility applications, such as e‑bikes, e‑scooters, watercraft or drones.
Advisor Gimv: P+P Pöllath + Partners
P+P Pöllath + Partners provided comprehensive legal and tax advice to the purchaser Gimv with the following multidisciplinary and multisite team:
Dr. Tim Kaufhold (Partner, M&A/Private Equity, Munich)
Dr. Nico Fischer (Partner, Tax Law, Munich)
Daniel Wiedmann, LL.M. (Associated Partner, Antitrust Law, Frankfurt)
Dr. Verena Stenzel (Senior Associate, M&A/Private Equity, Munich)
Christine Funk, LL.M. (Senior Associate, M&A/Private Equity, Frankfurt)
Matthias Oberbauer (Associate, M&A/Private Equity, Munich)