As part of its e-mobility growth strategy, Swiss energy group VARO Energy has acquired 100% of the shares of German EV charging infrastructure company Elexon.
Elexon focuses on the business-to-business sector, providing project development and electric charging hardware capabilities for customers looking to decarbonize their vehicle fleets. The company also provides and oversees third-party suppliers across Germany to install, operate and maintain charging facilities. Elexon has led the roll-out of over 24,000 charging points at more than 900 sites across Europe. The company plans to further expand its installed charging capacity in Germany, reaching an installed base of 1.56 GW by 2030. The deal is subject to merger control by the German Federal Cartel Office.
Elexon, which will operate as a VARO company, was founded in 2019 as a joint venture established by SMA Solar Technology, AixControl and aixACCT charging solutions. It concentrates on the areas of consulting, installation, prototyping, charging and load management, CPO services, backend solutions, service and maintenance, and processing for GHG quotas.
“The acquisition of elexon is a significant accelerator for VARO’s e-Mobility business. When combined with our leading charging software from our Road business we will provide customers with an integrated fleet charging service, from infrastructure installation to price optimization and portfolio management,” Dev Sanyal, CEO of VARO, said.