- KOSTAL and Compleo aim to become the European market leader in charging infrastructure
- Combined innovative power strengthens charging technology and growth in e-mobility
The KOSTAL Group has successfully completed the acquisition of the entire operating business of the Compleo Group. As a result, Compleo, one of the leading full-service providers of electric vehicle charging technology in Europe, is now part of the internationally active KOSTAL Group. The 111-year-old family business has made a name for itself in the fields of automotive and industrial electrics. In the future, Compleo customers will benefit from this in the expansion of charging infrastructure worldwide. Compleo will remain independent as a brand and company under the umbrella of the KOSTAL Group.
Joerg Lohr, CEO of Compleo, explains:
"With the merger, Compleo and KOSTAL are combining their core competencies in the field of uni- and bi-directional charging, charging infrastructure operation and calibration compliance. Together, we want to pull out all the stops to become the market leader in charging technology in Europe. We are looking forward to the tasks ahead. Compleo is now optimally positioned within the KOSTAL Group to continuously expand the stationary charging business."
Dr. Gregor M. Schmeken, Member of the Executive Board of the KOSTAL Group and Chairman of the Industry Division, adds:
"E-mobility is a dynamic growth market and requires well thought-out and innovative solutions to meet the increasing demands. KOSTAL and Compleo will now become a strong brand for sustainable electromobility made in Germany. This is how we make the future!"
Andreas Kostal, CEO of the KOSTAL Group, describes his expectations for the successful acquisition:
"With the acquisition of Compleo, the KOSTAL Group complements its business activities with a focus on the trend of energy efficiency. We now cover a significant part of the electrification of different areas of life, both on the hardware and software side, from renewable energy generation and storage, to stationary and mobile charging of electric vehicles, to energy saving via intelligent control of electric drives. I look forward to our further development with Compleo in these growth markets and welcome the employees to our group."
Here you can find the full press release.