Recharge Bolt-On Acquisition

EvoInfra provided model audit advice to Infracapital on the acquisition of the remaining stake in leading Nordic EV charging platform Recharge.

Recharge is the leading public charging point operator (CPO) for electric vehicles (EV) in the Nordics with more than 4,600 connectors at 800 locations. The company has experienced strong growth through the partnership between Infracapital and Fortum, and Fortum is now divesting in its anticipated timeframe to enable growth investments in alternative areas.

Infracapital has agreed to buy the remaining 30% stake in Recharge, from Fortum. Infracapital acquired its original majority stake in May 2020 and upon completion this transaction will result in 100% ownership of the company.

Christophe Bordes, Managing Director at Infracapital, said: “We are very happy with the progress that Recharge continues to make. Decarbonisation of the transport sector will play a vital role in achieving Net Zero and we see further growth in the company which will create value for our investors.”