Statkraft has acquired the entire shareholding of EV charging company, E-Wald.

The acquisition strengthens Statkraft’s position in the German and European EV charging market after it became a majority shareholder in eeMobility in Germany last year.

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E-Wald, based in Bavaria, operates around 300 charging stations and offers EV leasing services for 100 fleet cars to corporations and municipalities with 7,000 customers in total.

“E-Wald is well placed for growth within fast charging in Germany and we look forward to build [ing] the company further and support its ambitious growth strategy,” said Statkraft New Business SVP, Bjørn Holsen.

Statkraft aims to grow EV charging business in key growth markets in Europe. Statkraft has experience with the industry through its shareholding in the Norwegian EV charging company, Grønn Kontakt.

“With Norway being the leading market world-wide for electric vehicle adoption, Statkraft seeks to bring its competence and experience to other European growth markets in partnership with leading start-ups positioned for growth,” added a Statkraft statement.

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