Statkraft looks for investors for charging company Mer
Norwegian energy company Statkraft is seeking investors for its charging infrastructure brand Mer. However, the majority of shares – and thus control of the company – are to remain with Statkraft.
According to the company, the banks Carnegie and Skandinaviska Enskilda Banken have been engaged as financial advisors for this process. Statkraft, however, intends to remain Mer’s majority shareholder. Whether a partial sale will take place has not yet been determined, at least officially, because according to the announcement, Statkraft is only exploring options for its EV charging subsidiary.
Mer was founded in 2009, first under the name Gronn Kontakt, which was changed in 2020. “Through a series of targeted acquisitions and rapid roll-out of chargers, Mer significantly increased its market presence across Northern Europe over the past decade. Its operations now span five European countries – Norway, Sweden, Germany, UK, and Austria,” the press release states.
The company also entered the German market via acquisition: Statkraft bought E-Wald in 2019, renaming the company Mer Solutions GmbH in 2021. The second German subsidary eeMobility was renamed Mer Germany GmbH. By now, both subsidaries have been merged into the Mer Germany GmbH. Statkraft also acquired Swedish provider Bee Charging Solutions in 2021.
Now Statkraft is planning the next big step. “Inviting more shareholders into Mer alongside Statkraft will enable the company to accelerate the expansion of its EV charging network across Northern Europe to take an even bigger role in the global shift to carbon-free transport,” says Jürgen Tzschoppe, Executive Vice President for New Energy Solutions in Statkraft. “We have just started this process and will take the necessary time to find the best possible ownership structure for Mer.”
In addition to a comprehensive public charging network, Mer also offers smart charging solutions for commercial fleets, housing cooperatives and businesses.
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