DGAP-Adhoc

Compleo Charging Solutions AG to acquire innogy eMobility Solutions GmbH

DGAP-Ad-hoc: Compleo Charging Solutions AG / Key word(s): Takeover Compleo Charging Solutions AG to acquire innogy eMobility Solutions GmbH 26-Oct-2021 / 17:39 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 to acquire innogy eMobility Solutions GmbH

Dortmund, October 26, 2021 - Compleo Charging Solutions AG ("Compleo"), a provider of charging solutions for electric vehicles, signed an agreement with the E.ON subsidiary innogy SE ("Seller") today to acquire 100% of the shares in innogy eMobility Solutions GmbH ("ieMS").

According to the agreement, Compleo is acquiring ieMS' European activities. Both the charging operator and charging solutions business that will remain with E.ON SE and ieMS' U.S. subsidiaries are excluded from the agreement.

In fiscal year 2020, the businesses that are being acquired generated revenue of approximately EUR 35 million with a loss for the year of EUR 53 million. Compleo expects ieMS to achieve further revenue growth and a significant improvement in earnings in the future as a result of extensive optimization measures that have already been identified and strong market growth that is anticipated.

The closing of the transaction is expected to take place at the turn of the year 2021/2022. The preliminary cash purchase price for the ieMS shares amounts to EUR 43 million and can be increased by a total of EUR 16 million through performance-related components (earn-out), which are payable in two installments and are dependent on the achievement of defined revenue targets in the years 2022 and 2023. Furthermore, a payment in shares will be made through the issuance of 200,000 new Compleo shares as part of a capital increase through contributions in kind, partially utilizing authorized capital. The seller has agreed to a lock-up agreement with respect to the Compleo shares to be issued in the capital increase against contributions in kind with a duration of nine months from the closing of the transaction.