DLA Piper advises Voltabox boards on mandatory offer by Triathlon Holding

DLA Piper advised the Management Board and Supervisory Board of Voltabox AG in connection with the mandatory offer of Triathlon Holding GmbH to the shareholders of Voltabox AG.

The mandatory offer was preceded by an acquisition of a 51 percent stake in Triathlon Holding GmbH by Sunlight Group Energy Storage Systems Industrial and Commercial Société Anonyme. Simultaneously to the completion of this transaction, Triathlon Holding GmbH also acquired approximately 37 percent of the shares in Voltabox AG held by Trionity Invest GmbH. As a result, Triathlon Holding GmbH became the new major shareholder of Voltabox AG and published a mandatory offer to acquire all outstanding shares in Voltabox AG on 16 March 2023. With legal support from DLA Piper, the Management Board and the Supervisory Board have responded to the mandatory offer of Triathlon Holding GmbH by publishing a joint reasoned statement.

Voltabox AG, headquartered in Paderborn, Germany, and listed in the Prime Standard of the German Stock Exchange, is a technology-driven provider of electromobility solutions for industrial applications. The company specializes in secure, technologically advanced and powerful lithium-ion-based battery systems, which are primarily used in construction and agricultural machinery as well as electric and hybrid buses. Voltabox has been a partner of the Triathlon Group for several years.

The DLA Piper team was led by partner Andreas Füchsel and counsel Tatiana Marzoli (both Private Equity/M&A, Frankfurt).