DGAP-Adhoc 157 0 Kommentare Compleo Charging Solutions AG: Compleo to merge with wallbe GmbH

DGAP-Ad-hoc: Compleo Charging Solutions AG / Key word(s): Takeover
Compleo Charging Solutions AG: Compleo to merge with wallbe GmbH

26-March-2021 / 12:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of insider information pursuant to Article 17 para. (1) of Regulation (EU) No. 596/2014 on Market Abuse as amended (Market Abuse Regulation - MAR)

Compleo Charging Solutions AG: Compleo to merge with wallbe GmbH

Dortmund, March 26, 2021 - Compleo Charging Solutions AG ("Compleo"), a provider of charging solutions for electric vehicles, has entered into an agreement on the acquisition of 100% of the shares in wallbe GmbH ("wallbe").

Compleo is thus consistently pursuing its growth strategy, which includes targeted M&A measures in addition to organic growth in the future. wallbe markets AC charging solutions for the private, commercial and public sectors and has shipped a total of more than 15,000 charging points in the European market. The company reported revenues of more than EUR 11 million in fiscal year 2020. wallbe expects to achieve revenues of between EUR 25 million and EUR 30 million in 2021.

The preliminary purchase price amounts to EUR 34.8 million and will be paid approximately 2/3 in cash from existing liquidity. The remaining portion of the purchase price is to be paid by issuing new shares as part of a capital increase from authorized capital. For this purpose, Compleo's share capital will be increased by 130,000 shares; the share capital after the capital increase will amount to EUR 3,553,480. The previous owners of wallbe have agreed to a lock-up agreement of two years. The closing of the transaction is subject to board approval of part of the sellers. Compleo expects the transaction to be completed by the end of April 2021.

Contact and person responsible for the announcement
IR Contact
Compleo Charging Solutions AG
Sebastian Grabert, CFA
Head of Investor Relations
e-mail: ir@comepleo-cs.de
Phone: +49 231 534 923 874

26-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	Compleo Charging Solutions AG
	Oberste-Wilms-Straße 15a
	44309 Dortmund
	Germany
Phone:	+49 231 534 923 70
E-mail:	ir@compleo-cs.de
Internet:	https://www.compleo-cs.com/
ISIN:	DE000A2QDNX9
WKN:	A2QDNX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1178856