Eviny Fast Charging and Mer have agreed to merge their operations, creating the largest electric vehicle (EV) fast-charging operator in the Nordic region. The combined company will operate across Norway, Sweden and Denmark, serving more than one million registered customers. The parties also intend to include Mer’s public fast-charging business in Germany, subject to regulatory approvals.
Under the agreement, Eviny will hold a 57% ownership stake in the merged company, while Statkraft will own the remaining 43%. The companies said the merger is expected to strengthen profitability, enhance competitiveness and improve customer offerings through increased scale and operational efficiency.
The combined business will leverage the two companies’ customer base, charging network footprint and operational experience across four markets to reduce operating costs. The companies said Mer’s customer satisfaction, commercial partnerships and strategically located charging sites were among the key factors supporting the merger.
The transaction is also expected to enable the merged company to double its revenues while lowering costs, with future growth planned to be self-financed through operating revenues. Customers are expected to benefit from access to a unified fast-charging network, simplified charging through fewer applications, a broader charging infrastructure and competitive pricing.
“Our core business is to build, develop and own critical infrastructure, including profitable infrastructure that society depends on to reduce emissions from the transport sector. Eviny Fast Charging and Mer are two of the Nordic region’s leading fast-charging companies, and a merged company built on our cost-efficient platform will provide a better customer offering and greater competitiveness,” said Ragnhild Janbu Fresvik, CEO of Eviny.
Henrik Sætness, Executive Vice President of Corporate Development at Statkraft, said the company evaluated several strategic options for Mer before concluding that a merger with Eviny Fast Charging would create the greatest long-term value. He added that the combined business would be better positioned to capitalize on the growing EV charging market while improving profitability and expanding customer benefits.
The transaction remains subject to approval by the Norwegian Competition Authority and other relevant regulatory approvals, including those required for Mer’s operations in Germany.
