Vattenfall divests German B2B charging business to The Mobility House Solutions

Vattenfall is now the second major charging infrastructure operator to ditch its fleet charging business in Germany this week. Following TotalEnergies, Vattenfall will similarly part ways with its B2B division – and will "gradually" transfer the business in Germany to Edenred subsidiary The Mobility House Solutions.

Vattenfall lufthansa ladestation charging station wallbox incharge min — Image: Vattenfall

As reported by Automobilwoche, Vattenfall’s decision to sell its B2B Solutions charging division was made last year and is now being implemented. The sale affects markets in Germany, Sweden, and the Netherlands. Fabian Hagmann, Vice President of E-Mobility at Vattenfall, told the trade magazine: “While we continue to include this segment in our portfolio, it will gradually be transferred to other charge point operators.”

In Germany, the deal involves The Mobility House Solutions – the same business that Munich-based technology company The Mobility House sold to Edenred just a few weeks ago. Here’s the key detail: the purchaser of Vattenfall’s division is not The Mobility House itself, but Edenred, which will continue to use The Mobility House Solutions brand for its new subsidiary specialising in fleet charging solutions. In Sweden, Vattenfall’s B2B charging business has already been sold to charging provider Voltavi, according to Hagmann. Meanwhile, the buyer for the Dutch segment has yet to be announced. These transactions will not affect Vattenfall’s operations in home and public charging in the respective countries.

According to Automobilwoche, the decision is primarily strategic. For Vattenfall, the business – which includes around 10,000 charging points – has always been a niche offering. Going forward, the Swedish group plans to focus more on public charging infrastructure. It is already taking steps to do so: in a recently published press release, Vattenfall announced the acquisition of the Swedish fast-charging business of Nima Energy. The acquisition includes 178 existing HPC charging points at 16 locations, as well as 254 planned HPC charging points at 36 new sites. Under its charging infrastructure brand Vattenfall InCharge, the group currently operates around 48,500 charging points across Sweden, the Netherlands, and Germany.

One thing is clear: acquisitions in the fleet charging sector are currently on the rise. This week, Cubos announced its acquisition of TotalEnergies’ B2B charging business in Germany, after the Wolfsburg-based company had previously acquired ChargeOne and Swarco. Additionally, The Mobility House recently sold its fleet charging business to Edenred, as outlined above. Consolidation in this sector is therefore accelerating.

automobilwoche.de (DE), group.vattenfall.com (Nima Energy)