Compleo Charging Solutions AG (XTRA:C0M) entered into a term sheet agreement to acquire Innogy Emobility Solutions GmbH from innogy SE on July 16, 2021. Compleo Charging Solutions AG signed an agreement to acquire innogy eMobility Solutions GmbH from innogy SE for €76.8 million on October 26, 2021. The purchase price would be paid both in Compleo's own shares and through cash components. As per the transaction, Compleo Charging Solutions AG will pay the preliminary cash purchase price of €43 million and can be increased by a total of €16 million which is payable in two installments and are dependent on the achievement of defined revenue targets in the years 2022 and 2023. Additionally Compleo Charging Solutions AG will pay 0.2 million new Compleo shares. In economic terms, these payments and an agreed share price of €110 per Compleo share for the agreed 0.2 million Compleo shares result in an expected total purchase price for ieMS of approximately €21 million (Enterprise Value). Compleo Charging Solutions will raise €54.5 million in shares issue to finance the acquisition. The subscription period runs from November 26, 2021 to December 10, 2021 and Compleo plans to use the net issue proceeds in particular to finance the provisional cash purchase price for the acquisition of innogy eMobility Solutions GmbH, measures to integrate it into the Compleo Group and to further develop the product portfolio. As a part of the transaction, Compleo Charging Solutions AG is acquiring innogy eMobility Solutions GmbH's European activities. The underlying enterprise value is in the mid double-digit million-euro range. Both the charge point operator and charging solutions business remaining with E.ON SE and the US activities of innogy eMobility Solutions GmbH are excluded from the agreement. In fiscal year 2020, innogy eMobility Solutions GmbH generated revenue of approximately €35 million. Both parties are aiming for a possible signing of the contract based on extensive due diligence during the third quarter of 2021. The transaction is subject to the financing of the preliminary cash purchase price. The transaction is expected to close during the fourth quarter of 2021. Transaction is expected to complete at the turn of the year 2021/2022. Michael Bormann and Holger Stappert of Luther Rechtsanwaltsgesellschaft mbH acted as legal advisors to innogy SE. Heuking Kühn Lüer Wojtek advises Compleo on the acquisition of innogy eMobility Solutions. Dominik Kloka, Laurenz Wieneke, Julian Schulze De la Cruz, Holger Alfes, Christian Alexander Mayer, Florian-Felix Marquardt of Noerr LLP acted as legal advisors to Compleo.

Compleo Charging Solutions AG (XTRA:C0M) completed the acquisition of Innogy Emobility Solutions GmbH from innogy SE on January 12, 2022.