The quantity paid by the Europe-wide vitality group for the Aachen-based charging specialist shouldn’t be disclosed within the press launch. The settlement is at present topic to merger management by the German Federal Cartel Workplace, so there might nonetheless be situations. Nonetheless, Varo Vitality and Elexon don’t anticipate this to occur – the deal is predicted to be closed in mid to late January. Though Elexon will grow to be a part of Varo Vitality, it’ll proceed to function as its personal model.
Elexon shouldn’t be a family title within the personal buyer phase, as the corporate builds charging factors for firm fleets, primarily within the logistics sector. Elexon sees itself as a system integrator and trade innovator within the areas of consulting, set up, prototyping, charging and cargo administration, CPO companies, backend options, service & upkeep and dealing with of GHG quotas. The corporate’s personal charging factors are manufactured by companions, whereas Elexon develops the {hardware} and software program itself.
The corporate in its present type was based in 2019 as a three way partnership between SMA Photo voltaic Know-how AG, AixControl GmbH and aixACCT charging options GmbH, which have been additionally the three shareholders till the takeover that has now been introduced. Regardless of the coronavirus pandemic, Elexon has grown strongly, with gross sales within the double-digit million vary in 2022 and the headcount rising from an preliminary 20 to over 70 staff – in Aachen and remotely all through Germany. Progress can be set to proceed right here in 2024, as Elexon Managing Director Marcus Scholz explains in an interview.
However it’s exactly this progress that first must be financed. “The present shareholders have been confronted with the problem of whether or not the expansion that Elexon is at present experiencing organically may very well be scaled up extra shortly,” says Scholz. “That is simpler to show with a financially robust investor. That’s why the shareholders determined to search for one other companion. In the long run, it was Varo Vitality that took over 100% of the shares from the present shareholders.” Scholz sees the brand new proprietor as a possibility to raised place Elexon all through Europe – and to implement tasks extra shortly. In line with Scholz, nothing will change for purchasers – “besides that we are going to have a greater monetary presentation than up to now”.
Varo itself had already offered its sustainability technique in July 2022 and introduced on the time that it might make investments 3.5 billion US {dollars} within the 5 strategic progress pillars of biogas, biofuel, hydrogen, nature-based carbon elimination and electromobility. By combining its current eMobility enterprise with Elexon, Varo goals to supply its clients end-to-end options starting from the set up of charging infrastructure to cost and fleet administration.
“Varo was chosen as a result of – not like its opponents – it pursues a really clear sustainability technique,” explains Scholz. “By way of firm philosophy, we’re very carefully linked on the core. Regardless that Varo comes from the oil sector, they’ve constructed up a sustainability agenda that’s not solely understandable but additionally resilient.”
With monetary safety within the background, Elexon can now look to the long run – along with the charging infrastructure, PV vitality administration will grow to be the second mainstay. There’s additionally quite a lot of motion within the charging market: With its personal MCS prototypes, Elexon can be making ready for the quick charging of electrical vehicles on the depot.
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