Fintech PR
Sunlight Group acquires 100% of Triathlon Holding
Following the initial agreement for the acquisition of 51% of Triathlon by Sunlight, the two organizations unify into one Group and sector champion
ATHENS, Greece, and MUNICH, Germany, July 18, 2023 /PRNewswire/ — Sunlight Group Energy Storage Systems (Sunlight Group), member of Olympia Group and global technology company specializing in innovative industrial mobility batteries for the intralogistics sector and Energy Storage Systems for renewables, announces it has acquired 100% of the share capital of its subsidiary Triathlon Holding GmbH (Triathlon).
The agreement follows the acquisition of 51% of Triathlon announced at the beginning of 2023 that entailed the autonomous commercial operation of the two companies, as well as the exploration and leveraging of synergies. The holding of 100% of Triathlon has the potential to maximize said synergies much faster for the benefit of customers, shareholders, stakeholders and the more than 3,200 employees of Sunlight Group.
More specifically, the unified and significantly strengthened Sunlight Group can now utilize its joint assets and resources to become an industry champion and make the most of available opportunities arising – in both industrial mobility batteries and the rapidly growing sector of energy storage for renewables, on which the company places a strong focus.
The acquisition agreement will also optimize the production facilities operated around the world under a single Management Team, enabling better service for clients regardless of their location or customer base. Furthermore, it will accelerate innovation in the critical sector of lithium-ion technology, where Sunlight Group has strong capabilities and invests significant resources to develop even further.
The management of the unified Group is also strengthened in the context of the agreement, as the founder and Managing Director of Triathlon Group, Martin Hartmann, becomes a minority shareholder at Sunlight Group and member of its Board of Directors. Mr. Hartmann will also undertake a key leadership role in Sunlight’s Management Team as the new Group Chief Commercial Officer for industrial mobility, reporting directly to the Sunlight Group CEO, Lampros Bisalas.
Commenting on the developments, Gordon Riske, Chairman of the Sunlight Group Board of Directors, stated: “On behalf of the BoD, I’d like to welcome Martin Hartmann to the team. I’m certain that he will make a great contribution with his invaluable experience and expertise and we’re looking forward to working with him, aiming for the optimal growth of Sunlight Group on all levels.”
Lampros Bisalas, CEO of Sunlight Group and Executive BoD member, added: “I’m thrilled that a collaboration going back 20+ years is concluded in the best possible way. Martin’s wealth of experience in our sector, and indeed in markets very important for us, is priceless. There are only gains to reap from our One Group vision, destined to lead in the sectors we’re active.”
Martin Hartmann said about this new chapter at Sunlight Group: “I’d like to wholeheartedly thank Sunlight Group for this warm welcome. I can’t wait to meet all the members of the team and offer my best from my new position to support our customers and employees.”
The unified Sunlight Group is set to pursue a global leadership role in its sectors, mainly focusing on the European and US markets where it operates a total of 15 production units. The organization will build on its extensive investments, as well as scalable production and innovation capabilities in both lead-acid and lithium-ion batteries, contributing to decarbonization, energy transition and security. And lastly, the new set-up significantly advances the company’s position to pursue its ambitions for the establishment, on European soil, of a 20 GWh Gigafactory producing lithium-ion battery cells, exclusively for the industrial mobility and Energy Storage Systems sectors.
About Sunlight Group Energy Storage Systems
Sunlight Group, with over 30 years of experience in the production of lead-acid and lithium-ion batteries, holds a leadership position in motive power batteries for intralogistics, and specifically electric forklifts, as well as in Energy Storage Systems for on-grid, off-grid, and residential applications. Sunlight supplies the international market with innovative and cost-efficient products, manufactured and assembled in its state-of-the-art facilities in Greece, Italy, Germany, Israel and the USA, and distributed either directly or via authorized partners’ network to more than 115 countries. It also operates sales offices and provides customer support, after-sales, and warehousing services in the countries it carries production activities, as well as Romania, the Netherlands, Denmark, Luxemburg, France, UK, and Australia.
With a specialized team of scientists at dedicated R&D centers and more than 15 years of experience in lithium-ion innovation, Sunlight Group invests in emerging technologies to support the sustainable development of integrated, software-based, energy storage solutions. The company combines its circular economy business model, facilitated by the operation of one of Europe’s most advanced recycling units, with a technology-agnostic approach and data-driven insights to develop environmentally friendly storage solutions for the industrial mobility, leisure mobility, and ESS sectors. Solutions that render sustainable energy more accessible and reliable, supporting energy transition and security. As a proud Participant of the United Nations Global Compact, Sunlight Group is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption; and to take actions that advance societal goals.
Sunlight is a member of Olympia Group, an international investment group with a diversified business ecosystem that spans 8 countries.
For additional information on Sunlight Group, please visit:
www.the-sunlight-group.com/en/global
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View original content:https://www.prnewswire.co.uk/news-releases/sunlight-group-acquires-100-of-triathlon-holding-301880119.html
Fintech PR
Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024
HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.
The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.
Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.
The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.
“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”
View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html
Fintech PR
Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad
- nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.
- Customers can now access a range of US equities, ETFs and funds.
- TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.
LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.
The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.
Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.
By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.
nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.
Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.
nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”
“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.”
TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”
“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”
Contact:
[email protected]
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Fintech PR
Amrop, a Leading Global Executive Search and Leadership Consulting Firm, Announces New Office in Japan
BRUSSELS, Jan. 10, 2025 /PRNewswire/ — Amrop, a leading global executive search and leadership consulting firm, appoints JOMON Associates as its new team in Tokyo, marking the group’s re-entry in the Japanese market and adding significant coverage in the Asia Pacific region.
Led by Naohiro Furuta, CEO, JOMON Associates is Japan’s premier leadership advisory firm, offering services in senior Executive Search, Board & Corporate Governance Consulting, Leadership Assessment and Executive Coaching.
With 13 consultants and a team of 30 employees, the firm serves more than 200 companies, constituting about one-third of Japan’s major companies and representing Japan’s key industry sectors, including Industrial & Automotive, Chemicals & Materials, Consumer & Retail, Pharmaceuticals & Healthcare, Finance & Insurance, IT and Telecommunications.
The firm’s deep connection to the local Japanese market is matched by its unsurpassed reputation for quality and its innovative approach to executive search. By offering personalized leadership advisory and board services in addition to its acclaimed recruitment solutions, JOMON Associates is well-positioned to support companies in their quest for transformative leaders.
“Japan is a significant market for executive search and leadership consulting, and we are delighted welcome JOMON Associates to our global team,” says Annika Farin, Chair of the global Amrop Partnership. “We are now able to directly serve multinational companies operating in Japan as well as Japanese companies that are redefining boundaries as they follow their global or regional expansion strategies. Together with JOMON’s uncompromised quality approach and top market positioning, we can be instrumental in assisting these companies with the recruitment of their executive teams and attracting the best talent in new markets. “
“JOMON Associates shares our values and our ambition to continuing serving clients in the premium segment of the market. We feel naturally close to our new partners in Japan and are also proud to announce that Naohiro Furuta will immediately join our Board to help us drive the future of Amrop’s global partnership,” Farin added.
Naohiro Furuta, CEO JOMON Associates, added, “We are very pleased to announce that we have joined the global Amrop Partnership. As the global business environment becomes increasingly complex, the demand for strong and visionary leadership is higher than ever. Japanese companies are also strongly seeking talent to drive innovation and international competitiveness. Through our partnership with Amrop, we will provide our clients with valuable services that combine global insights and local expertise, making a significant impact on the domestic market and contributing to the international success of our clients.”
Amrop’s new Tokyo office is located at Tokyo Toranomon Global Square, 13th Floor, 1-3-1 Toranomon, Minato-ku, Tokyo. The addition of Japan office reinforces the group’s presence in the region, with teams in China, South Korea, India and Australia.
About Amrop
Amrop is a global leadership consulting firm, offering retained executive search, Board and leadership advisory services. We advise the world’s most dynamic, agile organizations on identifying and positioning Leaders For What’s Next – adept at working across borders, in markets around the world. Established in 1977, Amrop operates in Asia, EMEA and the Americas across 69 offices in 57 countries.
Media Contact:
The Amrop Partnership SC
Rue Abbé Cuypers 3
1040 Brussels, Belgium
T. +32 471 733 825
E. [email protected]
Brigitte Arhold, COO
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View original content:https://www.prnewswire.co.uk/news-releases/amrop-a-leading-global-executive-search-and-leadership-consulting-firm-announces-new-office-in-japan-302347193.html
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