02.2019: Shell* has agreed to acquire 100% of sonnen, the Germany based leader in smart energy storage systems and innovative energy services for households. This follows an investment by Shell in May 2018 and means that post regulatory approval and completion sonnen will become a wholly owned subsidiary of Shell. The sonnen Group is one of the leading manufacturers of smart residential storage systems and is a pioneer of technologies for a clean, decentralized and connected energy system. As one of Germany’s and Europe’s fastest growing tech companies, sonnen has received multiple international awards. With its virtual battery that is based on digital connected residential storage systems, sonnen offers new and highly innovative energy services for grid providers and customers. sonnen offers its products in many different countries and has locations in Germany, Italy, UK, Australia and the USA. For more information, go to www.sonnengroup.com
*Shell Overseas Investment B.V.
Centum Capital provides this information as a market news, but has not been involved in the transaction.