French investment firm Meridiam that specialises in infrastructure has bought Dutch Allego from Alliander. The latter had been wanting to sell its EV charging arm for some time. The acquisition is to propel Allego further across Europe’s growing charging landscape.
Dutch Allego is one of the larger EV charging infrastructure providers in Europe and had initially been founded as a subsidiary of Alliander. The utility announced their will to sell last winter, saying that Allego would develop better with a new partner.
This new partner is Meridiam, a French investment company specialised in the development, financing and management of long-term and sustainable infrastructure projects. Says Ingrid Thijssen, CEO of Alliander: “As a long-term international investor in infrastructure, Meridiam ties in very well with Allego’s activities and is perfectly positioned to support Allego through the next phase of rapid international growth. The sale recoups Alliander’s initial outlay in Allego.”
Established in 2013, Allego’s portfolio speaks to a broad range of clients such as local authorities, private companies and transport firms. Allego is active in six European countries and has installed a total of more than 8,000 charging points so far.
Their latest project that was announced back in January, will see them set up a pan-European high-power charging (HPC) network. The interoperable charging network called MEGA-E includes the installation of 322 ultra-fast charging stations and 27 so-called e-charging hubs throughout Europe. It is supposed to connect metropolitan areas alongside highways and to enable continuous fast-charging in more than 20 countries. Meridiam said it will support Allego in this endeavour.
The price of the acquisition has not been disclosed but the deal will take effect on June, 1.