Statkraft Acquires EV Charging Company E-Wald

Statkraft has acquired the entire shareholding of German electric vehicle (EV) charging company E-WALD GmbH.

One of Europe’s largest generators of renewable energy, Norwegian power firm Statkraft has acquired the entire shareholding of German electric vehicle (EV) charging company E-WALD GmbH.

“The acquisition further strengthens Statkraft’s position in the German and European EV charging market after it became a majority shareholder in e-mobility in Germany last year,” the company issued in a statement.

E-WALD GmbH, based in Bavaria, Germany has a strong position in fast charging and electric car-sharing services. It operates around 300 charging stations and offers EV leasing services for circa 100 fleet cars to corporations and municipalities with approximately 7000 customers in total.

The acquisition of E-WALD will strengthen Statkraft’s position in Germany and complements the company’s position in e-mobility, which provides a full-service offering of charging solutions for company car fleets.

“E-WALD is well placed for growth within fast charging in Germany and we look forward to building the company further and support its ambitious growth strategy”, said Bjørn Holsen, senior vice president for new business in Statkraft.

The company aims to grow a leading EV charging business in key growth markets in Europe. It has a long experience with the industry through its shareholding in the Norwegian EV charging company Grønn Kontakt. With Norway being the leading market worldwide for electric vehicle adoption, Statkraft seeks to bring its competence and experience to other European growth markets in partnership with leading start-ups positioned for growth.

Otto Loserth, CEO of E-WALD GmbH said “this acquisition marks an important milestone in the company’s development and confirms the dedicated team’s ability to build and operate a modern and powerful charging infrastructure.”

Recently, a new analysis had revealed that sales of certain diesel cars are in free-fall as Norway turns to Tesla and other makers of premium electric vehicles (EV).

Norway is leading the global shift towards private EV transportation, with the highest EV ownership per capita in the world. And the biggest loser so far of this advancement in the country are the premium diesel cars.