What’s Happening: Statkraft, Europe’s largest renewable energy generator, is considering bringing in new shareholders for its wholly-owned electric vehicle charging operator Mer to support the company’s ambitious growth plans. Carnegie and Skandinaviska Enskilda Banken have been hired as financial advisors for the process.
Why It Matters: Mer has significantly increased its market presence across Northern Europe over the past decade by acquiring companies and rolling out chargers, with operations in five European countries. The company offers smart charging solutions for commercial fleets, housing cooperatives, and businesses, positioning itself for further growth as the EV market expands. Inviting new shareholders into Mer will accelerate the expansion of its EV charging network, taking a bigger role in the global shift to carbon-free transport.
- Statkraft is considering inviting new shareholders to support the growth of its electric vehicle charging operator Mer.
- Mer offers smart charging solutions and has a wide public charging network across five European countries.
- Electric mobility plays a crucial role in the fight against climate change, making the shift to sustainable electric mobility essential.
- Mer is positioned to play a leading role in the transportation revolution in Europe by providing innovative solutions for EV charging experiences.
Bottom Line: Statkraft’s exploration of new shareholders for Mer reflects the company’s strategy to develop and scale new green energy technologies by partnering with others. With Mer’s strong foothold in the most attractive EV markets in Europe and its early mover experience, the company is well-positioned to play a leading role in the transportation revolution in Europe.