Further strengthening its dynamic presence in Italy, Sunlight Group Energy Storage Systems (Sunlight Group) proceeded to acquiring the 22% share capital held by BMG Energy in Sunlight European Battery Assemby (SEBA) and Sunlight Italy.
This move is part of Sunlight’s broader business plan, which includes the rapid implementation of multi-million investments to increase its production capacity and expand its sales and service network, to better serve the needs of the Western European market and OEMs (Original Equipment Manufacturers).
The agreement was signed on July 28, 2022 between Sunlight Group CEO Mr. Lambros Bisalas and Mr. Flavio Scaramuzza and Wilhelm Menghin, owners of BMG Energy.
Following the completion of the acquisition, Sunlight Group becomes the sole owner of SEBA and its subsidiary, Sunlight Italy, and will proceed with a new composition of the Board of Directors.
SEBA (Sunlight European Battery Assembly) is Sunlight Group’s assembly plant in Europe, which produces batteries using cells manufactured at the Sunlight Group Industrial Complex in the area of Xanthi, Greece.
Sunlight Italy supports SEBA’s operation, focusing on sales facilitation and providing comprehensive customer and end-user services for Sunlight products, even after the sale.
Latest News
EP Passes New Rules Tackling Industrial and Livestock Pollution
The new rules aim to reduce harmful emissions from industrial installations and pig and poultry farms, and to improve transparency over the licensing, operation and control of such installations
Axel Voss: The AI Act is an important step forward with many question marks
Axel Voss, the main EPP negotiator on the AI Act sees it is an important step but with many question marks on the practical application
Greek PM Announces ‘Supreme Cooperation Council’ with Egypt
The leaders agreed on the establishment of the Supreme Cooperation Council as part of strengthening the countries' strategic relations
Moody’s Maintains Greece a Notch Below Investment Grade, at Ba1
S&P, Fitch Ratings, DBRS Morningstar and Scope Ratings have already restored country to investment 'territory' since 2023
Greek Ag Minister on Reduction of Production Costs
Minister Lefteris Avgenakis responded to a tabled Parliament question by a main opposition SYRIZA MP
Bank of Greece: Economic Growth of 2.3% in 2024 and 2.5% in 2025
Investments and private consumption are expected to be the key drivers of economic activity in the coming years
ELSTAT: Construction Production Index Records 11.6% Annual Increase
However, this growth rate is notably lower compared to the significant surge of 31.1% witnessed during the corresponding period of 2022 over 2021.
Feb. State Budget 9.1% Tax Revenue Surplus
The primary surplus on a modified cash basis amounted to 3.401 billion euros, compared to a target primary surplus of 1.981 billion euros
Fraport Greece: 13.5% Rise in Passenger Traffic
According to official data from Fraport Greece, in February 636,866 passengers were handled compared to 558,903 last year, with all airports showing positive growth
PPC FiberGrid: FO Connections to Reach 1.7M Homes by 2025
PPC FiberGrid selected areas based on factors, such as population coverage and the lack of Fiber to the home (FTTH) infrastructure