Gimv acquires Smart Battery Solutions

The company's four founders will continue to lead the company and have retained shares in it. The deal was structured as a capital increase and the acquisition of shares.

The capital provided will be used to expand the company's product range, establish new customer groups and expand into new sales channels in other European countries. A Gimv representative has taken a seat on the board.

Gimv is a private equity firm specialising in buyouts, seed investments, startups, growth capital and venture capital, focusing on small and medium-sized enterprises. The firm typically invests between €5-50m in companies with enterprise values of up to €200m.

Company
Founded in 2010 and based in Kleinostheim, Smart Battery Solutions develops, manufactures and sells lithium-ion battery systems in the low-voltage segment. Smart Battery Solutions' product range is used in a variety of applications, including e-bikes, e-scooters, watercraft, drones and stationary devices. The company employs 50 people.

People
Gimv – Ronald Bartel (partner).
Smart Battery Solutions – Timo Hasenöhrl (general manager).

Advisers
Equity – P+P Pöllath & Partners (legal); Ebner Stolz (financial due diligence, tax); Androschin & Partner (commercial due diligence).

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• Topics
• Expansion
• DACH
• Industrials
• Gimv
• Germany
• P+P Pöllath + Partners