IMPROVED advises Newmotion on its sale to Shell
- Date October 12th, 2017
- Transaction type M&A
- Sector Mobility
- Sub Sector Electric Vehicle Charging Solutions
Shell, one of the world’s largest energy providers, buys NewMotion in a deal that will enable both companies to accelerate the transition to low-carbon transport. IMPROVED acted as the exclusive financial advisor to NewMotion’s shareholders in this transaction.
Under the terms of the deal, NewMotion will remain focused on accelerating its mission in Europe by delivering more innovative smart-charging solutions to homes, businesses and public parking spaces. The acquisition will help NewMotion enhance its electric vehicle (EV) charging services turning more parking spaces into charging stations as well as improving users’ charging experience across Europe.
Based in Amsterdam, NewMotion was launched in 2009 by a group of entrepreneurs on a mission to contribute to a cleaner world. Today, NewMotion operates more than 30,000 electric charge posts in the Netherlands, Germany, France and the UK. It also provides access to a network of more than 50,000 public charge points across 25 European countries, serving more than 100,000 registered charge cards.
“We are very pleased to have such a strong investor that fully supports our mission, enabling
us to further expand across Europe at a time when the transition to electric vehicles is gathering pace ... We are excited that our ongoing mission and belief in a transition towards less-polluting transport source has been endorsed so strongly by Shell, one of the world’s leading energy companies.”
“Today’s announcement is an early step towards ensuring customers can access a range of
refuelling choices over the coming decades, as new technologies evolve to co-exist with
traditional transport fuels ... This move provides customers the flexibility to charge their electric vehicles at home, work and on the go. When you add this customer offer to our current roll out of fast charging points on Shell forecourts, we believe we are developing the full raft of charge solutions required to support the future of EVs.”
Shell’s Vice President, New Fuels
“As part of the Shell New Energies portfolio, NewMotion has a unique opportunity to expand its services to the level of ambition the founders, shareholders, management and staff worked so hard for. We are proud to have played our role in ensuring. Dutch company NewMotion can execute their international strategy ... We believe that within the mobility segment, EVs will prove to be an extremely dynamic sector with many more companies looking for opportunities. As such, IMPROVED is well-positioned to support companies operating in the ever-dynamic EV space along with their growth ambitions.”
Managing Partner, IMPROVED