PRESS RELEASE : Compleo negotiates acquisition of innogy eMobility Solutions GmbH with E.ON

DGAP-News: Compleo Charging Solutions AG / Key word(s): Takeover/Letter of Intent 
Compleo negotiates acquisition of innogy eMobility Solutions GmbH with E.ON 
2021-07-16 / 08:45 
The issuer is solely responsible for the content of this announcement. 
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Compleo negotiates acquisition of innogy eMobility Solutions GmbH with E.ON 
Exclusive negotiations commenced on the purchase of former innogy SE's European e-mobility business 
Dortmund, July 16, 2021 - Compleo Charging Solutions AG ("Compleo"), a leading provider of charging solutions for 
electric vehicles, has concluded a Term Sheet with E.ON SE for the acquisition of 100 percent of the shares in innogy 
eMobility Solutions GmbH. The subject of the agreement includes the European activities of the technology provider 
innogy eMobility Solutions GmbH, which generated revenue of approximately EUR 20 million in the first half of 2021. 
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. As part of the agreed exclusivity, Compleo is currently 
assessing whether the investment is beneficial to Compleo's shareholders. 
innogy eMobility Solutions GmbH had been transferred to E.ON in the course of the innogy takeover and develops and 
produces its own hardware and software for charging electric vehicles. The approach of in-house development and 
production differs significantly from the E.ON Group's strategy in the e-mobility sector, which focuses strongly on 
integrated customer solutions. Both parties are aiming for a possible signing of the contract based on extensive due 
diligence during the third quarter of 2021 and a closing of the transaction during the fourth quarter of 2021. The 
underlying enterprise value is in the mid double-digit million-euro range. The purchase price would be paid both in 
Compleo's own shares and through cash components. Whether and, if so, on what terms the conclusion of a purchase 
agreement regarding innogy's European e-mobility business between E.ON SE and Compleo will come about will depend on 
the further course of negotiations. 
"We are confident about the prospect of growing together with a very experienced and long-standing market player such 
as innogy eMobility Solutions GmbH," said Georg Griesemann, Co-CEO of Compleo Charging Solutions AG. "We value the 
company's employees as proven experts in the technological field as well as in the European e-mobility market." Besides 
the workforce, Compleo also intends to acquire all customer relationships of innogy eMobility Solutions GmbH. Following 
the acquisition of wallbe GmbH in the spring, the combination involving another strong player such as innogy eMobility 
Solutions GmbH serves the goal of expanding Compleo to become the German e-mobility champion in Europe. "With our 
organic and inorganic growth, we are investing in our future as German driver of e-mobility in Europe and optimizing 
our international market position," Griesemann added. 
 
About Compleo: 
Compleo Charging Solutions AG, together with its subsidiary wallbe GmbH, is a leading provider of charging solutions 
for electric vehicles. The company is a complete solution provider with its charging stations and also offers services 
around the planning, installation, maintenance, service or backend of the charging infrastructure. Compleo's range 
includes both AC and DC charging stations. The company develops and manufactures all products at its headquarters in 
Dortmund. In doing so, the manufacturer focuses on innovation, safety, consumer-friendliness and cost-effectiveness. 
Its customers include Allego, Clever, E.ON, EWE Go, Deutsche Telekom, Siemens and over 150 municipal utilities in 
Germany. Compleo started production of the first charging stations in 2009 and wallbe GmbH joined the group in 2021. To 
date, the company has delivered over 50,000 charging points, contributing to the development of the charging 
infrastructure. Compleo is listed in the Prime Standard segment of the Frankfurt Stock Exchange since October 2020 
(ISIN: DE000A2QDNX9). More information is available at: compleo-cs.de 
About innogy eMobility Solutions GmbH: 
As a tech company with over 12 years of experience innogy eMobility Solutions develops and produces hardware and 
software services for electric mobility. The charging hardware can be controlled by the innogy eMobility Backend as 
well as by IT systems of other companies. The innogy eMobility Backend already networks about 185,000 charging points 
from different manufacturers for business customers in about 30 countries. innogy eMobility Solutions has own locations 
in Germany, Great Britain, USA and the Philippines and is a wholly owned subsidiary of the E.ON Group. Web: 
innogy-emobility.com 
Contact Investor Relations: 
Compleo Charging Solutions AG 
Sebastian Grabert, CFA 
Head of Investor Relations 
E-mail: [e-mail] 
Phone: [phone] 
Media Contact: 
Compleo Charging Solutions AG 
Ralf Maushake 
Head of Marketing & Communications 
E-mail: [e-mail] 
Phone: [phone] 
innogy eMobility Solutions GmbH 
Michael Peukert 
Head of Marketing & Communications 
E-mail: [e-mail] 
Phone: [phone] 
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2021-07-16 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Compleo Charging Solutions AG 
              Oberste-Wilms-Straße 15a 
              44309 Dortmund 
              Germany 
Phone:        [phone] 
E-mail:       [e-mail] 
Internet:     https://www.compleo-cs.com/ 
ISIN:         DE000A2QDNX9 
WKN:          A2QDNX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1219429 
 
End of News   DGAP News Service 
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1219429 2021-07-16

 
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July 16, 2021 02:45 ET (06:45 GMT)