VARTA AG has successfully exited its restructuring procedure with a fresh capital infusion of €120 million, as new indirect shareholders Porsche and Michael Tojner step in.
In line with its strategic pivot, VARTA introduced a revamped product portfolio featuring color-coded labels and new battery types (EFB H9, AGM H3, Li-Ion for leisure) to simplify selection and boost performance.
Meanwhile, the German court has approved the delisting of VARTA shares from the Frankfurt Stock Exchange, and previous shareholders are set to exit without compensation.
Porsche has also acquired a majority stake in VARTA’s subsidiary V4Drive, which will be rebranded to “V4Smart” and focus on lithium-ion cells for high-performance applications.
The CEO, Michael Ostermann, admitted the company pursued overambitious growth too quickly but now aims for steady, sustainable scaling in its core energy storage business.