Sunlight Group: Acquires PBM

Sunlight Group Energy Storage Systems acquired PBM SRL. PBM SRL is an internationally recognized leader in the production of battery chargers and industrial electronics.

According to a relevant announcement, PBM SRL has more than 40 years of experience in Research & Development and in the manufacture of innovative chargers for batteries and electronic systems. It is based in Vignola, Italy, where it operates a state-of-the-art production unit, while IENE, a subsidiary of PBM, operates a component production plant in the San Giorgio di Piano area, near Bologna. PBM serves the global market of major energy storage solution providers and original equipment manufacturers (OEMs) with a wide portfolio of quality products including battery chargers for forklifts as well as chargers and dischargers for industrial batteries.

The agreement between the two companies was signed on April 29, 2022 by the CEO of Sunlight Group, Mr. Lambros Bisalas and the shareholders of PBM. Under the agreement, Sunlight Group acquires 80% of the company, while PBM CEO Maurizio Pelloni retains a 20% stake and will continue to lead the operation.

Commenting on the agreement, Mr Bisalas said: “We are pleased to announce the signing of this agreement which strengthens our long-standing partnership with a trusted supplier such as PBM. We are becoming part of PBM’s future and are committed to supporting Maurizio and its capable team in their efforts to realize their vision and ambitious plan for independent development, and to expand both PBM’s product portfolio and the company’s customer base.Sunlight Group expansion program focuses on value creation by supporting This acquisition brings us one step closer to creating a sustainable, efficient and complete battery value chain – a key factor in the transition to a fully electric future. I would like to welcome the PBM team to the Sunlight G family roup. “As a strategic investor in the company, we seek to help them maximize their potential and achieve their goals, regardless of PBM’s relationship with Sunlight, while at the same time exploring R&D synergies and other partnerships.”

Mr. M. Pelloni noted: “PBM started as a family business in Italy in 1973 with an idea from Lino Pelloni, and after almost 50 years on the market we are now part of a dynamic global company. We have been working with Sunlight for several years and cultivating We become a member of the Sunlight Group at a time when the energy storage industry is experiencing continuous and rapid change and this will inspire new goals in the PBM team, strengthen us and enable us to implement our strategic development plans in terms of technology, production capacity and the best possible supply of PBM customers who always support us. available resources to achieve our independent development plans I would like to thank Mr Bisala, but and the shareholders, the Board of Directors and the Board of Directors of Sunlight Group for their confidence in PBM “.

Following the acquisition of Technoform at the end of 2021 and the acquisition of 78% of Sunlight Italy, Sunlight Group continues to implement its dynamic business plan, amounting to € 560 million. The five-year plan aims to expand the company’s production capacity to batteries lead-acid and lithium ion and energy storage systems, as well as in the development of its supply chain and sales network. For this purpose, Sunlight is investing millions in its facilities in Greece and abroad. Investments in equipment, automated production and assembly lines, Research & Development, human resources, as well as Mergers & Acquisitions.