ADS-TEC Energy announced the signing of a definitive agreement for a private investment by Svelland Capital. The private placement is expected to close on December 28 subject to customary closing conditions. “Svelland Capital has extensive experience, and we are proud that another expert investor is showing interest through a direct investment in ADS-TEC Energy,” said Thomas Speidel, CEO, ADS-TEC Energy. “Svelland Capital has achieved consistent high rankings over the years, and their commitment to sustainability is evident through their close collaboration with Bellona. We expect to realize several synergies and benefit from complementary expertise through this strategic collaboration.” “Our 2023 fourth quarter is expected to be the strongest in the history of the company, both in terms of revenues and margins. We are confident this trajectory will continue throughout 2024,” Speidel continued.
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