Stuttgart – ADS-TEC Energy GmbH, which describes itself as a world-leading provider of battery-buffered ultrafast charging technology, has completed a business combination with European Sustainable Growth Acquisition Corporation (NASDAQ: EUSG). EUSG is a listed special purpose acquisition vehicle with a focus on sustainable, high-growth, technology-enabled companies. The combined business is named ADS-TEC Energy PLC. The company’s shares and warrants start trading today on Nasdaq. ADS-TEC Holding holds 29% of the combined company, with its CEO, Thomas Speidel, taking the helm. The total transaction price is in the mid triple-digit millions.
The merger will enable ADS-TEC Energy to continue its growth strategy and market its battery-buffered technology platforms throughout Europe and the US.
A CMS team headed by lead partners Dr Björn Demuth, Dr Antje Becker-Boley and Dr Jacob Siebert advised ADS-TEC Energy GmbH on all legal aspects of the deal. CMS has been advising ADS-TEC GmbH for many years.
CMS Germany
Dr Björn Demuth, Lead Partner, Stuttgart, Tax
Dr Antje Becker-Boley, Lead Partner, Stuttgart
Dr Jacob Siebert, Lead Partner, Hamburg, both Corporate/M&A
Dr Martin Mohr, Counsel, Stuttgart
Lukas Braun, Associate, Stuttgart
Pascal Hornstein, Associate, Stuttgart, all Tax
Dr Michael Schellenberger, Principal Counsel, Stuttgart, Private Clients
Dr Antje-Kathrin Uhl, Partner, Stuttgart, Labor, Employment & Pensions
Alexander Leister, Counsel, Stuttgart
Dr Carolin Armbruster, Partner, Stuttgart
Dr Kai-Guido Schick, Partner, Stuttgart
Birgit Schlemmer, Senior Associate, Stuttgart
Andreas Sautter, Senior Associate, Munich
Isabell Peglow, Senior Associate, Stuttgart, all Corporate/M&A
Dr Rolf Hempel, Partner, Stuttgart, Competition & EU
Thomas Maur, Counsel, Cologne
Dr Alexander Hoffmann, Senior Associate, Cologne, both Banking & Finance
Press Contact
presse@cms-hs.com
