IMPROVED advises Ecotap on its Growth Partnership with Legrand
- Date July 30th, 2021
- Transaction type Growth Financing
- Sector Mobility
- Sub Sector Electric Vehicle Charging Solutions
IMPROVED announces that it acted as the exclusive advisor to Ecotap, the leading Netherlands-based EV charging solution provider, to find the optimal growth partner in Legrand SA to further accelerate its international expansion.
This transaction represents IMPROVED’s 16 consecutive deal in its eMobility space and the 8th landmark eMobility deal in 2021. The successful completion of this landmark cross-border transaction solidifies IMPROVED’s position as the corporate finance advisor of choice in the eMobility & Energy sectors.
With more than 40K charge points installed in over 22 countries, Ecotap is one of the leading European specialists in AC and DC chargers, offering full-suite solutions and services for homes, businesses and public places. eMobility has surpassed its tipping point, and EV demand is growing at a stellar pace. To support the ever-growing EV fleet and enable optimal user experience, there is a strong need for smart, reliable and scalable charging solutions.
By leveraging its deep sector expertise and relationships in the rapidly developing mobility and new energies sectors, the IMPROVED team has successfully managed to find the perfect growth partner for Ecotap in a highly competitive cross-border M&A process. The process IMPROVED created enabled Ecotap not only to secure the required deal certainty related to the foreseen growth but also to find the most complementary partner for scaling the business while staying close to the company culture. The disposal to Legrand enables Ecotap to accelerate its international growth through Legrand’s extensive global reach, expertise and network.
Furthermore, the growth partnership with Ecotap enables Legrand to strengthen its presence in eMobility and step up its growth throughout Europe by offering full-suite EV charging solutions contributing to its commitment to creating reliable infrastructure including the buildings of tomorrow.
“Ecotap created a very well thought through ecosystem delivering the state of the art solutions Ecotap designs, develops and manages. The momentum next to the ability to scale and grow even faster required a partnership that will bring the company closer to the leadership position. Legrand shares the same ambition and with their international presence we believe this transaction will be another deal with winners
Managing Partner, IMPROVED