Expansion

Wattif takes over housing cooperatives portfolio from Mer

Image: Wattif

Wattif has acquired the Norwegian part of Mer’s business with charging stations for housing cooperatives. Wattif now claims being one of the largest operators of charging stations for housing cooperatives in Europe.

The acquisition also includes the customers and infrastructure of Mer’s Norwegian housing co-operatives. Existing customers will retain several benefits, including a 10 percent discount on fast charging until 2025.

This strategic shift will allow the company to focus on public fast charging and the business market. “We in Mer believe our customers in housing cooperatives will be better served by a company specialising in this specific segment. The time has come to allow this part of our business to grow under new ownership,” says Nicholai Sheridan Jørgensen, CEO of Mer Norway.

With 35,000 charging points in six countries, Wattif says it is already one of the largest operators of charging stations for housing cooperatives in Europe and aiming to grow. It is, for example, planning to install 100 charging stations at 20 hotels under the Steigenberger Hotels & Resorts and Intercityo hotel brands in Germany and Austria.

New CEO

Shortly after announcing the acquisition of Mer’s business, Wattif made another announcement. After several years, co-founder Robert Svendsen has decided to step down from the management of the company and finalise the succession process that was initiated some time ago. Andreas Strand took over the position of CEO from Svendsen on 1 September 2024. Strand will be supported by Thomas Lindberg, CFO of Wattif.

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Author: Peter van Noppen

Source: Wattif