Norway’s Statkraft is acquiring a majority share in the Swedish electric vehicle (EV) charging business Bee Charging Solutions.
Bee Charging Solutions, formerly Clever Sweden, is a regional energy company-owned business with one of the country’s largest charging networks, with more than 2,000 public charging points and an estimated market share of 15-20%.
Under the terms of the deal, the three energy companies Öresundkraft, Jämtkraft and Tekniska Verken will retain a 49% share as Statkraft acquires 51%.
Bee Charging Solutions will merge with Statkraft’s existing Swedish charging business Grön Kontakt under the name Mer Sweden AB, in preparation for the impending EV boom in Sweden.
Mer Sweden in turn will be integrated into Mer’s portfolio of charging companies in Norway, Germany and the UK.
Kristoffer Thoner, formerly VP Head of Marketplaces at Norwegian consumer goods supplier Orkla, has been appointed as the new CEO of the Mer Group.
“I look forward to taking on the task and together with the rest of the organisation as well as our new colleagues in Bee, creating the best and most consumer-oriented electric car charging company in Europe,” says Thoner.
Statkraft has been in the EV charging business as the owner of Grön Kontakt since 2012 and has clear ambitions for further growth with further expansions being considered, according to a company statement.
Previously Statkraft had indicated its intent to expand its activities in both current and new northern European markets.
Statkraft joined up to the Climate Group’s EV100 electric vehicle initiative to make electric transport the ‘new normal’ by 2030 last year.
The transaction is subject to the approval of the competition authorities and closing is expected to take place in Q2 2021.