TOTAL: Electric Mobility in Germany: Total Acquires Charging Solutions and Becomes the Operator of a Network of 2,000 EV Char...
November 12 2020 - 2:25AM
UK Regulatory
TIDMTTA
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) finalized the acquisition
from the Viessmann group of Charging Solutions, the subsidiary
specialized in Electric Vehicle charging infrastructure of its
affiliate Digital Energy Solutions (DES). With this transaction,
Total becomes the operator in Germany of a network of a 2,000
charge points installed at private businesses' locations, including
some of which are accessible to the general public.
Total also reinforces its technical and commercial competencies
in the fields of installation, operation and management of charging
networks dedicated to fleets and companies. Based in Munich, this
new entity of Total Deutschland will pursue its development by
offering complete solutions for electric charging, including
consulting, planification, installation and invoicing of charging
services. Fleet managers will also benefit from adapted solutions
for their employees' home charging of companies' cars.
"The ambition of Total is to operate 150,000 charge points in
Europe by 2025. The acquisition of Charging Solutions will allow us
to accelerate our development on the German market" declares Alexis
Vovk, President for Marketing & Services at Total. "Electric
charging is modifying the traditional model of energy supply for
vehicles, from the distribution at service-stations to a
multi-channel distribution: at work, at home, in public places, in
commercial areas or at service-stations. We expect a strong growth
on the professional and B2B segment and we will be ready to cater
to their needs with dedicated charging solutions."
The integration of Charging Solutions to the Group's German
affiliate, Total Deutschland, is effective since November 1(st) ,
2020. This transfer of activities will have no impact on the
customers nor on the existing partners of Charging Solutions.
About Total in Germany
Total is present in Germany since 1955 and currently employs
more than 4,000 people. Its affiliate Total Deutschland GmbH
operates the third largest retail network of the country, with more
than 1,200 service stations. In Germany, Total offers a wide range
of energy products: lubricants, liquified petroleum gas, fuel oil,
marine and aviation lubricants, bitumen and specialty products
dedicated to the Industry. The Group operates in Leuna one of
Europe's most modern refineries: Total Raffinerie
Mitteldeutschland. Total is also active in petrochemicals, natural
gas trading, solar energy installations with SunPower and smart
solutions for automotive and aviation with Hutchinson. Finally,
Total is also present in new energies for mobility, with an
operated network of over 2,000 charge points for electric vehicles
as well as hydrogen refilling stations. total.de l de.total.com
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms "Total", "Total Group" and Group are
sometimes used for convenience. Likewise, the words "we", "us" and
"our" may also be used to refer to subsidiaries in general or to
those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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CONTACT:
Total
SOURCE: TOTAL
Copyright Business Wire 2020
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November 12, 2020 02:25 ET (07:25 GMT)
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