17.10.2019

Eneco eMobility acquires chargeIT mobility with Luther

The Netherlands-based electric vehicle charging company Eneco eMobility B.V. takes over 100% of shares in the German chargeIT mobility GmbH. Luther advised Eneco eMobility on legal and tax matters in this transaction, including due diligence, and thus once again supported the Eneco Group in its acquisitions in Germany.

Background

As one of the Top 3 charging service providers in the Netherlands, Belgium and Luxembourg, Eneco eMobility is responsible for the installation and management of charging stations at companies as well as in the private sector. ChargeIT mobility is a provider of electrical charging services based in Kitzingen, Bavaria, and develops intelligent charging solutions for electric vehicles.

Through the acquisition, both companies are joining forces in the growing European e-mobility market. Eneco eMobility thus takes over chargeIT's customers, including many municipal utilities, as well as around 3,000 charging stations in Europe. The takeover is intended to form the basis for further expansion in Europe.

E-mobility is one of the current trend topics at Luther, the Energy Industry Group is currently involved in various mandates. The focus is not only on transactions, but also on contractual cooperation, energy and regulatory law as well as tax issues. An overview of the challenges arising in the interaction of e-mobility and law can be found here.

For Eneco eMobility B.V.:

Luther, Corporate / M&A: Philipp Dietz (Partner, lead), Dr Michael Krömker (Partner), Fabian Mimberg (Senior Associate), Falco Rohrberg (Associate)
Luther, Employment: Stefanie Prehm (Partner), Maurice Straub (Senior Associate)
Luther, Energy: Dr Holger Stappert (Partner), Benjamin Schwenker (Senior Associate)
Luther, IP: Dr Detlef Mäder (Partner), Dr Jennifer Velz (Associate)
Luther, IT/Data Protection: Dr Michael Rath (Partner), Daniel Lehmann (Associate)
Luther, Antitrust Law: Dr Holger Stappert (Partner), Franz-Rudolf Groß (Counsel)
Luther, Insurance Law: Dr Alexander Mönnig (Counsel)
Luther, Tax: Nicole Fröhlich (Partner), Dr Frank Seidel (Counsel), Atacan Cömert (Associate)