IMPROVED advises Spirii and its shareholders on the sale to Edenred

Edenred, a leading digital platform for services and payments, and a worldwide leader in B2B Mobility solutions, today signed an agreement to acquire Spirii, a fast-growing Denmark-based global SaaS platform offering a broad range of EV charging solutions.

IMPROVED acted as the exclusive financial advisor to Spirii and its shareholders in this transaction. Leveraging our in-depth expertise in the Energy Transition and E-mobility domain, we supported Spirii and its shareholders in identifying and securing the optimal strategic partnership.

Spirii is backed by a group of premier climate tech growth investors, led by Nordic Alpha Partners (NAP). Through its value creation model, Nordic Alpha Partners has successfully partnered with the Spirii founders and management team to maximize shareholder value and fuel the global energy transformation in the EV Charging space.

The acquisition of Spirii considerably strengthens Edenred’s offering for mixed and electric fleet management, further positioning the company as a one-stop-shop for fleet managers. The complementarity between Edenred’s and Spirii’s offerings will generate considerable cross-selling opportunities for existing clients of both companies.

This transaction underscores IMPROVED’s deep sector expertise in the Energy Transition and our track record of successfully orchestrating transactions for growth equity-backed technology companies that are at the forefront of the energy transition.

"The acquisition is a paramount milestone in our continued quest to revolutionize the EV charging industry. Together with Edenred, we will accelerate the transition to sustainable transportation, enabling companies and EV drivers to fulfil their electric mobility ambitions. With the relentless work of the Spirii and IMPROVED teams, we managed to negotiate a deal that will bolster our company and position as a leading industry player across market segments and continents."

Tore Harritshøj

CEO and Co-founder, Spirii

"The transaction is the result of a very strong partnership between management, NAP and IMPROVED. IMPROVED's unique and deep insight into all aspects of the eMobility transformation, combined with high persistence and a stellar tactical and strategic understanding of how to position and successfully gain significant strategic value, was a key factor in this very successful transaction for us."

Laurits Bach Sorensen

Co-founder and Partner, Nordic Alpha Partners

"This operation expands our reach to a broader network of clients. With this acquisition, Edenred reinforces its commitment to spearheading innovative E-mobility solutions and to helping its clients in their electrification transition. We are looking forward to collaborating with Spirii's teams to reshape the mobility landscape."

Diane Coliche

Chief Operating Officer, Mobility, Edenred

"Spirii is a global leader in the EV Charging technology space with remarkable commercial momentum and innovative energy management capabilities. This transaction also represents an outstanding performance of Nordic Alpha Partners, which has created substantial shareholder value through a highly methodological value-add investment approach. The strategic partnership with Edenred is truly exciting, and the market opportunity is massive. We're very happy for the team and wish Spirii and Edenred all the best for the next chapter."

Sherief Rahim

Managing Director, IMPROVED

IMPROVED advises Spirii and its shareholders on the sale to Edenred

Tore Harritshøj

Laurits Bach Sorensen

Diane Coliche

Sherief Rahim

Deal Makers

Sherief Rahim

Derk Diepeveen

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