DGAP-News

Greentech Compleo secures financing for further growth

DGAP-News: Compleo Charging Solutions AG / Key word(s): Capital Increase Greentech Compleo secures financing for further growth 14.04.2021 / 07:30 The issuer is solely responsible for the content of this announcement. Greentech Compleo secures financing for further growth

Gross proceeds of EUR 28.3 million raised from capital increase | New investor groups tapped | Further dynamic development planned through organic growth and M&A

Dortmund, April 14, 2021 - Compleo Charging Solutions AG, a leading provider of charging solutions for electric vehicles, successfully completed a capital increase. The net proceeds are to be invested in the further growth of the company. Compleo is thus creating a key prerequisite for continuing to systematically pursue its growth strategy, which, in addition to organic growth, also envisages further targeted M&A measures.

Compleo Charging Solutions AG ("Compleo") has successfully completed the capital increase against cash contribution announced on April 13, 2021. In an accelerated bookbuilding process, a total of 342,348 shares were placed with both existing as well as new institutional investors across Europe at a placement price of EUR 82.65 per share. By completing the transaction and raising gross proceeds of around EUR 28.3 million, Compleo has created an important prerequisite for continuing its very dynamic development in the future.

In 2020, Compleo had more than doubled its revenues to over EUR 33 million compared to the previous year and consistently implemented its growth strategy since the IPO. For example, sales activities were launched in three additional European countries and the product portfolio was successfully developed further. The merger with wallbe GmbH at the end of March 2021 also provides tailwinds, as a result of which Compleo has further strengthened its fully integrated hardware, software and service business and noticeably increased its market share.