ChargePoint Holdings, Inc., a leading company for e-mobility charging infrastructure solutions in North America and Europe, today announced the signing of an acquisition agreement with has to be, a leading e-mobility software provider in Europe. The takeover is based on the fact that Europe is one of the fastest-growing e-mobility markets in the world. The agreement states that ChargePoint will take over has to be for a total purchase price of approximately € 250 million, subject to an adjustment, and the purchase price will be paid in both cash and shares. The official takeover is expected to take place by the end of the calendar year 2021, subject to all regulatory approvals and other customary closing conditions.
Pasquale Romano, President and CEO of ChargePoint, commented, “As an established leader in North America, our continued investment in the European market is critical to our growth strategy. We are very pleased to announce the agreement to acquire has to be. We are thereby gaining a leading e-mobility company with a talented team, strong and innovative technology and an impressive customer base. With our common opportunities, we should be able to further expand our respective leading positions while electric mobility is on the advance worldwide.
The has to be team, customers and technology become part of ChargePoint’s global operations. Founded in 2013, has to be today has 125 employees in Austria and Germany, as well as around 40,000 directly connected charging points. They can also offer access to more than 250,000 charging points in the roaming network. ChargePoint will benefit from the leading European software provider has to be, particularly in Germany, Austria and Switzerland. More than 1,000 industry-leading companies from the automotive, energy, electrical, real estate and retail sectors as well as specialized e-mobility providers and many more rely on the powerful software from has to be – including brands such as Aral, Audi, GP Joule, Ionity and Porsche. The comprehensive software platform from has to be is able to
Martin Klässner, co-founder and CEO of has to be, explains: “Over the past eight years, our talented team has made a decisive contribution to e-mobility in Europe and has won a large number of leading brands as customers. They rely on our software platform every day to meet their technical requirements. Together with ChargePoint, we will continue to follow this vision in the future and – as the market continues to expand – achieve an even higher scale.
Volkswagen is an investor and one of the most important shareholders in has to be. Elke Temme, Head of Volkswagen Charging & Energy, said: “As part of our longstanding commitment to electromobility, we invested in has to be at an early stage. We believe that ChargePoint and has to be together have great potential to further advance electromobility. “
ChargePoint is creating a new charging network to electrically transport all people and goods. Since 2007, ChargePoint has been committed to making the transition to electric vehicles easier for businesses and drivers alike, with one of the largest charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to provide options for every charging scenario – from homes and apartment buildings to workplaces, parking lots, hospitality, retail and transportation fleets of all types. Today, a ChargePoint account provides access to hundreds of thousands of Loading points in North America and Europe. To date, more than 92 million charging processes have been completed, whereby an e-vehicle is connected to the ChargePoint network about every two seconds.
About has to be
has to be paves the way for sustainable mobility. With its comprehensive software and innovative e-mobility services, has to be offers everything that companies need for success with e-mobility: from the scalable operation of charging infrastructures to the complete management of global mobility offers.
More than 125 employees from ten nations work at the has to be gmbh headquarters in the state of Salzburg and the branches in Munich and Vienna.