Leopold Kostal GmbH & Co. KG entered into an agreement to acquire assets of Compleo Charging Solutions AG from Compleo Charging Solutions AG (XTRA:C0M) on April 29, 2023. As part of the transaction, the assets of the insolvent subsidiaries Compleo Charging Technologies GmbH and Compleo Connect GmbH were also sold.

As apart of transaction, Compleo Group's business will continue to exist as an independent business and brand within the KOSTAL Group after closing of the transaction. No operating business will remain in the companies of the Compleo Group. Compleo will shortly file an insolvency plan with the responsible local court in Dortmund.

Once the insolvency administrator and the creditors' committee have approved the transaction and it has become legally effective. The closing of the transaction is subject to regulatory approvals and the fulfilment of further contractual closing conditions. Compleo and the investor currently expect the closing of the transaction in June 2023.Timo Klees, Steffen Apfel, Marco Minnerup, Reinhard Rümmler and Sebastian Fettig of PricewaterhouseCoopers Transaction Services Germany acted as financial advisor to Compleo Charging Solutions AG.

Jochen Sedlitz, Jasmin Urlaub, Mario Weiss, Felix Rebel, Sebastian Schottmüller and Tobias Rentschler of GRUB BRUGGER Partnerschaft von Rechtsanwälten mbB acted as legal advisor for Compleo Charging Solutions AG. Marlies Raschke, Jörg-Peter Kraack, Simone Schönen, Vanessa Hoffmann Linhard, Till Steinvorth, Benjamin Jahn, Sebastian Wündisch and Stephan Schulz of Noerr Partnerschaftsgesellschaft mbB acted as legal advisor for Compleo Charging Solutions AG. Paula Holey and Valentin Schmid of RSM GmbH acted as accountant for Compleo Charging Solutions AG.

Martin Lambrecht, Sibylle Gohlke, Paula Barthen and Rina Morina of LAMBRECHT Partnerschaft von Rechtsanwälten mbB acted as insolvency administrator for Compleo Charging Solutions AG. Lars Westpfahl, Vasco Ollero and Mirko Masek of Freshfields while Heiko Tschauner and Christian Werweck of Hogan Lovells acted as legal advisor for Leopold Kostal GmbH & Co. KG.

HSBC Trinkaus & Burkhardt GmbH acted as a financial advisor to Leopold Kostal GmbH & Co. KG.