French electric utility company ENGIE announced the acquisition of EV-Box. The Netherlands-based company is one of the world’s leading electric vehicle charging services providers with over 40,000 charging stations in service.
The electric vehicle market is growing rapidly as costs come down, performance improves and an attractive new choice of vehicles comes to the market. This sector represents a natural growth opportunity for ENGIE in line with our strategy to develop new, high-growth, innovative businesses in the decentralized, decarbonized and digital energy space.
By combining ENGIE’s global presence and energy capabilities with EV-Box’s leading technology and thought leadership in the electric vehicle charging market, ENGIE will be in a unique position to offer customers in all segments, across the globe, innovative, attractive and comprehensive electric vehicle charging and related energy services. The acquisition of EV-Box is an acceleration of ENGIE’s strategy as an energy revolution pioneer.
EV-Box has already demonstrated the commercial success and quality of their solutions by deploying more than 40,000 charging stations across 20 countries.
Thanks to this combination, ENGIE intends to be a major global player in this space facilitating the development of clean mobility for its customers, while providing the essential energy solutions to manage the energy needs of electric vehicle charging for customer sites and the electricity network.
“ENGIE views EV-Box’s acquisition as a strategic step towards a completely new energy paradigm the world is shifting towards. It’s also ENGIE’s first major investment in one of our high-growth strategic priority areas. ENGIE and EV-Box share a common vision for electric mobility and a conviction that combining our capabilities provides a rare opportunity to create a global, leading electric vehicle charging player uniquely positioned to offer customers very attractive charging and energy solutions” said Thierry Lepercq – Executive Vice-President Research, Technologies & Innovation at ENGIE.
EV-Box has been developing and selling electric vehicle charging solutions since 2010 and has already established its market leadership in its home country. The company sells charging stations, charging management software and services to business, public sector and residential customers and has developed a reputation for market-leading quality and innovation.
EV-Box has recently started extending its geographical reach into Belgium, France, Scandinavia, Germany, the UK and the USA, while still reaching over 20 countries through a strong base of partners. EV-Box will continue to operate autonomously with all its entrepreneurship.