Sunlight Group: Strengthens European Operations with 100% Acquisition of its French Subsidiary

Sunlight Group, a member of Olympia Group and a technology company specializing in innovative industrial electrification solutions, has announced the acquisition of the remaining 45% stake in its the French subsidiary. By this strategic move Sunlight strengthens its position in France, the second-largest industrial battery market in Europe, valued at over €250 million annually, with a clear plan on how to further expand presence and grow its market share.

This strategic move enables Sunlight to capitalize on the rising demand for industrial mobility and logistics solutions in France, driven by substantial investments in renewable energy and sustainable manufacturing.

Along with the acquisition comes also a new leadership in the subsidiary which will enable to write the next chapter in the company.

By fully integrating the French subsidiary, the Sunlight Group will enhance local operations, enabling to more effectively address the evolving needs of French customers while expanding its nationwide presence. The company’s established expertise in lithium battery technology positions it as an indispensable asset while its robust customer base, includes major French industries ranging from luxury goods to automotive manufacturers and original equipment manufacturers (OEMs).

Arnaud Bondelu has been appointed as the new Managing Director of the French subsidiary, succeeding Patrick Kuster, who has decided to step down after 15 years of successfully leading the company. Patrick will continue to provide support over the next four months to ensure a smooth transition, guaranteeing continuity for customers, employees and stakeholders. Arnaud brings extensive experience in the energy storage market. He has a strong track record in strategic planning, business development, and risk management, consistently achieving results in profitability and market share expansion throughout his career.

Lambros Bisalas, CEO of Sunlight Group commented: “The acquisition of the remaining 45% of our Frensch subsidiary is an important step for Sunlight Group in one of the most exciting battery markets in Europe, offering high growth potential. With Arnaud Bondelu as Managing Director, we are confident his expertise will drive growth and optimize operations, establishing a central hub to better serve customers all over the country and strengthen dealer relationships. This move also reinforces our commitment to supporting the talented team in France, ensuring a smooth transition and long-term success in the French market.”

Arnaud Bondelu, Managing Director of the subsidiary in France stated: "France is a key market for Sunlight Group and is currently undergoing a dynamic development, in particular when it comes to the adaptation of the lithium-ion technology. I'm excited to lead the French subsidiary through this important transition. With the existing team of experts, we’re poised to offer our customers a level of service and customer proximity that they will only find at Sunlight.”

The complete acquisition of the French subsidiary reinforces Sunlight Group’s dedication to enhancing solutions for industrial and stationary applications. As a unified entity, Sunlight Group and its subsidiaries adopt a platform-based approach, leveraging synergies in sales, warehousing, and assembly operations to benefit customers, shareholders, stakeholders, and more than 3,600 employees.