Sunlight has entered into an investment agreement to acquire 51% of Lehmann Marine, which "establishes itself at the forefront of an industry driven by the growing demand for sustainable solutions in the marine sector", according to the announcement.
"The global marine battery market is expected to experience significant growth through 2030, driven by increasing demand for electric and hybrid propulsion systems that aim to reduce emissions and promote sustainability. Electrification is a key enabler for reducing emissions, enhancing operational efficiency and aligning with global sustainability goals. The market growth is further boosted by technological advancements, stringent emission regulations and increasing demand for environmentally friendly solutions in the shipping sector. With a strategic presence close to major international ports, both companies can respond directly to market needs, with this acquisition offering a competitive advantage in the fast-growing marine battery sector," it stressed.
"Through the acquisition of 51% of Lehmann Marine GmbH, Sunlight is strengthening its position in the growing energy solutions market while enriching its portfolio with innovative technologies. With more than 30 years of experience in lead-acid and lithium-ion battery production, Sunlight has established itself as a leader in advanced battery technology. Its state-of-the-art manufacturing facilities offer innovative energy solutions for industrial mobility and niche sectors such as submarine batteries, cementing the company's reputation for reliability and technical excellence. Based in Seevetal-Hittfeld, Germany, Lehmann Marine is known for its innovative non-flammable lithium ferrous phosphate (LFP) battery systems, which are approved by international organisations such as Bureau Veritas, DNV and RINA. Together, the two companies can lead the way in providing high-performance and energy-efficient solutions, meeting the growing demand for sustainable technologies in the marine sector," it added.
STATEMENTS
Lambros Bisalas, CEO of Sunlight Group, said: "We are extremely proud to welcome Lehmann Marine to the Sunlight family. This strategic move confirms our ability to identify and exploit high value opportunities. By combining our expertise with that of Lehmann Marine, we are positioning ourselves at the forefront of the fast-growing marine battery market. Together, we will lead the transition to sustainable marine solutions, driving both innovation and growth in an industry that is expected to experience significant growth. I would like to especially thank Dirk Lehmann and Alexander Lehmann for their confidence and I look forward to working together to further develop the industry. With this major investment of millions of euros, Sunlight is leading the way in an industry driven by the growing demand for sustainable solutions in the shipping sector."
"The partnership with Sunlight Group offers us a strong ally. The Group's extensive knowledge and many years of experience in the global battery market will significantly strengthen our production," noted Alexander Lehmann, CEO of Lehmann Marine. This partnership opens up new avenues to more effectively meet the growing demand for energy storage solutions in the marine industry, including CUBE and COBRA battery systems."
Dirk Lehmann, CEO of Lehmann Marine, said: "Our partnership with Sunlight Group is an important milestone in the development of our company. We aim to strengthen our capabilities and promote innovative battery technologies for the marine sector in response to the increasing market demand. We look forward to jointly developing sustainable solutions for safe and compact energy storage systems for shipping."
