Total Buys German EV Charging-Point Business
November 12 2020 - 3:04AM
Dow Jones News
By Joshua Kirby
Total SE has acquired Charging Solutions, a German business that
operates electric-vehicle charging infrastructure, the French
energy company said Thursday.
The acquisition of the Munich-based business from Viessmann
Group provides Total with a network of 2000 charge points in the
country. The points are installed at the sites of private
businesses, with some accessible to the public, Total said.
The company provided no financial details of the deal, but said
that the integration of Charging Solutions into its German
affiliate Total Deutschland was effective as of Nov. 1.
Alexis Vovk, Total's president for marketing and services, said
the company's ambition was to operate 150,000 charge points in
Europe by 2025.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
November 12, 2020 02:49 ET (07:49 GMT)
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