Heuking Kühn Lüer Wojtek advises Compleo on the merger with wallbe

Dortmund/ Colo­gne — With a team led by Dr. Oliver Bött­cher and Kris­tina Schnei­der from the Colo­gne office, Heuking Kühn Lüer Wojtek advi­sed Compleo Char­ging Solu­ti­ons AG on a merger with wallbe AG. The closing of the tran­sac­tion and the combi­na­tion of Compleo’s and wallbe’s opera­ti­ons are expec­ted to take place before the end of April. The merger of the compa­nies, whose products and services comple­ment each other, is expec­ted to create a major provi­der of char­ging solu­ti­ons in Europe. With the merger, Compleo and wallbe streng­then their leading posi­tion on the German market and in Europe.

Compleo will acquire 100 percent of the shares in wallbe in return for payment of appro­xi­m­ately one-third in Compleo shares, and appro­xi­m­ately two-thirds in cash from exis­ting liqui­dity. The two previous and largest owners of wallbe, ener­city AG (around 50 percent) and Weid­mül­ler Mobi­lity Concepts GmbH & Co. KG (around 26 percent), as well as Dr. Domi­nik Freund, will remain invol­ved in Compleo as new shareholders.

Compleo is a leading provi­der of char­ging solu­ti­ons for elec­tric vehic­les. In doing so, the company supports complete solu­tion provi­ders with its char­ging stati­ons and, if requi­red, also with the plan­ning, instal­la­tion, main­ten­ance, service or backend of the char­ging infra­struc­ture. Compleo’s offe­ring includes both AC and DC char­ging stati­ons. DC char­ging stati­ons from Compleo are the first DC char­ging stati­ons on the market that comply with cali­bra­tion regu­la­ti­ons. The company deve­lops and manu­fac­tures all products at its Dort­mund site. In doing so, the manu­fac­tu­rer focu­ses on inno­va­tion, safety, consu­­mer-frien­d­­li­­ness and cost-effec­­ti­­ve­­ness. Compleo star­ted produc­tion of the first char­ging stati­ons in 2009. The fast-growing company is head­quar­te­red in Dort­mund and curr­ently employs over 260 people. Since Octo­ber 2020, Compleo has been listed in the Prime Stan­dard segment of the Frank­furt Stock Exch­ange (ISIN: DE000A2QDNX9).

The Böttcher/Schneider team alre­ady advi­sed the current majo­rity share­hol­der and part of the manage­ment on the acqui­si­tion of the stake in the then EBG compleo GmbH at the end of 2019. In the context of the current merger, Compleo’s advice included full advice on the acqui­si­tion, due dili­gence, contract docu­men­ta­tion, inclu­ding the exch­ange of shares carried out, up to the closing.

Advi­sors to Compleo Char­ging Solu­ti­ons AG: Heuking Kühn Lüer Wojtek
Dr. Oliver Bött­cher (Lead Partner),
Kris­tina Schnei­der, LL.M.,
Dr. Phil­ipp Jansen,
Dr. Chris­toph Schork, LL.M.,
Anna Schä­fer (all corporate/M&A), all Cologne
Dr. Thors­ten Kuthe,
Meike Dres­­ler-Lenz (both Capi­tal Markets), both Cologne
Dr. Ruben Hofmann (IP), Cologne
Dr. Sascha Sche­wiola (Labor Law), Cologne
Dr. Lutz Keppe­ler (IT), Cologne
Tim Peter­mann (Sales Law),
Fabian G. Gaffron (Taxes), both Hamburg
Beatrice Stange, LL.M. (anti­trust law), Düsseldorf
Klaus Weinand-Härer
Adam Brock­mann (both Tax Due Dili­gence), both Frankfurt