NaaS Technology to Acquire Charge Amps AB

NaaS Technology to Acquire Charge Amps AB

A Swedish EV charging solutions provider, Charge Amps has an international footprint in 13 markets.

Electric vehicle charging service company NaaS Technology Inc. announced plans to acquire Charge Amps AB, a Swedish EV charging solutions provider for approximately SEK 724 million (US$66.4 million) of 100% of the issued and outstanding shares.

The deal marks a landmark initiative of NaaS’ expanded global layout after its acquisition in June of over 89% stake in Sinopower HK, the biggest one-stop solar PV service provider in HK, the company says.

With an established international footprint in 13 markets and a 22% local market share, Charge Amps’ portfolio includes intelligent, sustainable, user-friendly, and aesthetically pleasing product offerings, NaaS says.

“We are very pleased to welcome the Charge Amps brand and team into the NaaS platform, marking an important milestone as we continue to expand into the international market,” Alex Wu, Co-founder, president and CFO of NaaS, stated. “We are very optimistic about the prospects of EV penetration in Europe and the overall charging service capacity. We are confident that we can work with the Charge Amps team to further strengthen its leading position in the EV charging space. We have also developed an integration plan that will see new products launched through the Charge Amps channels. I firmly believe this acquisition will bring value to our shareholders.”

As of March 31, 2023, NaaS says its network has connected over 575,000 chargers and 55,000 charging stations. In the first quarter of 2023, charging volume transacted through NaaS’ network reached 1,023 GWh, an increase of 112% YoY; gross transaction value transacted through NaaS’ network showed an increase of 107% YoY.

You May Also Like

MEMA to Host International Supply Chain Webinar

The content of the webinar will be beneficial to operations, logistics and purchasing teams, the organizations said.

Gemini-Shippers_MEMA-webinar

MEMA announced it will host a webinar covering current international shipping issues that are affecting the global supply chain. The webinar, set for June 10, 2024, at 11:00 a.m. PST/2:00 p.m. EST, will be sponsored by Gemini Shippers.

The content of the webinar will be beneficial to operations, logistics and purchasing teams, the organizations said.

Iveco, Foton Announce Joint Exploration Project

The two companies will look into future synergies in the areas of electric vehicles and components.

Hyundai Motor, Iveco Group Partner on Electric H-D Trucks
Andreas Nix Takes Over as COO of ZKW Group

Nix replaces Stefan Hornvuis, who left the company for personal reasons.

https://www.aftermarketnews.com/zkw-named-headlamp-supplier-for-the-bmw-xm/
Distressed German Companies: Creating M&A Opportunities

Hertzog discusses how to create opportunities with exceptional values when acquiring the operations of a distressed company in Germany.

Phil-Hertzog-Distressed-German-Companies
Schaeffler Appoints New Head of Investor Relations

Schaeffler AG announced two important leadership changes within the management level directly below the Board of Managing Directors, effective June 1, 2024.

Schaeffler promotions

Other Posts

HDA Truck Pride’s The Service Co. Acquires BSA of Ohio

The acquisition expands the company’s presence in the Dayton, Ohio, market.

HDA-Truck-Prides-The-Service-Co.-Acquires-BSA-of-Ohio
Yokohama Rubber Q1 2024 Sales Up 23.5%

The figures for sales revenue and business profit were record-high figures for first-quarter performance at Yokohama Rubber.

FAW Trucks Secures Order of 1,000 Vehicles Overseas

FAW Trucks signed the order with its Kenyan dealer, TAM Company.

FAW Trucks Secures Order of 1,000 Vehicles Overseas
Li-Cycle Partners with Daimler Truck North America

Li-Cycle continues to support DTNA on its goal of integrating a comprehensive circular economy approach across its operations.

Li-cycle Logo