Subject to antitrust approval, the Norwegian energy companies Eviny and Statkraft plan to merge their fast-charging operations, whereby Eviny will acquire Statkraft’s subsidiary Mer in exchange for shares. The merged entity is to carry the name Eviny Elektrifisering and be headquartered in Bergen.
According to the two companies, their merger is set to create the largest fast-charging provider in the Nordic countries, with Eviny holding 57 per cent ownership and Statkraft 43 per cent. The transaction only includes Mer’s public fast-charging business. Mer Austria and Mer Business Germany will remain separate, while Mer’s public operations in Germany are expected to be integrated at a later date, pending necessary approvals.
“The share of electric vehicles is growing rapidly, and the charging market is in a consolidation phase where scale and cost efficiency are becoming increasingly important for profitability,” says Henrik Sætness, Executive Vice President of Corporate Development at Statkraft. The companies state that the combined network has over one million registered customers. In Norway, the newly formed company’s market share is expected to reach 24 per cent, while 14 per cent is expected in Sweden. The partners anticipate lower operating costs and a larger charging network, which will simplify usage for customers.
