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Eversheds Sutherland advises Shell on its acquisition of on-street charging provider ubitricity

  • Germany


    International law firm Eversheds Sutherland has advised Shell on the acquisition of ubitricity group. Sellers include the founders of ubitricity Gesellschaft für verteilte Energiesysteme mbH as well as further shareholders, including Heinz Dürr Invest, the Siemens subsidiary Next47, Honda, EDF, earlybird and VC Fonds Technologie Berlin. The transaction is subject to customary regulatory approval processes and expected to complete within 2021.

    ubitricity which is based in Berlin and London, is one of the leading providers of on-street charging and billing solutions for electric vehicles (EV). The company is active in a number of European countries and operates the UK’s largest EV public charging network with over 2,700 charge points.*

    “We are very pleased to support Shell in their strategic expansion in the fast-growing on-street charging market for electric vehicles”, Maximilian Findeisen, Corporate/M&A partner and co-head of Eversheds Sutherland’s Dusseldorf office comments.

    The Eversheds Sutherland team which advised Shell on the transaction was led by Partner Maximilian Findeisen (Dusseldorf) and included Partners Martin Bechtold (Foreign Trade, Munich), Martin Weitenberg (Energy, Dusseldorf) and Jubilee Easo (Corporate/M&A, London), as well as Counsels Fabrice Witzke (Foreign Trade) and Carsten Eichler (Public Procurement, both Munich) and Associate Philip Kuehn (Commercial, Hamburg).

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