Strategy& advises Qwello during Dutch market entry deal

15 May 2024 2 min. read

German charging infrastructure company Qwello has entered the Dutch market with the acquisition of Park & Charge. Strategy& supported the buyer with strategic M&A services.

Qwello started operations in 2020, providing infrastructure solutions for electrical vehicle charging stations. The company installs the hardware, and supports the software, installation, operations, and maintenance.

With the help of US investor Tiger Infrastructure Partners, Qwello aims to become a leading player in the European charging infrastructure scene. Following previous expansion into Spain, the UK, France, and Poland, the company has now also made its debut in the Netherlands.

Strategy& advises Qwello during Dutch market entry deal

New purchase Park & Charge was founded in 2016 and currently operates 10,000 charging stations in around 200 municipalities in the Netherlands.

“In Park & Charge, we have found a partner that not only shares our values, but also fits perfectly with our European growth strategy. We share the focus on user-friendliness and innovation, and our collaboration makes it possible to combine the expertise of both Qwello and Park&Charge in the fields of operation, installation, and maintenance,” said Qwello founder Henrik Thiele.

Thiele and his deal team received advice from Strategy& during the acquisition process. The consultants were responsible for corporate finance advisory, conducted the commercial due diligence, and also explored the ESG side of the transaction.

Commenting on the deal, Guillaume Laffitte-Rigaud, partner at Strategy&, said: “Congratulations to Qwello and Tiger Infrastructure Partners on the acquisition of Park & Charge. Many thanks to the great teams on all sides for making this a very enjoyable and collaborative process and good luck to Qwello on the next steps to continue to grow a reliable charging infrastructure across Europe.”

Other dealmakers involved in the deal process were at the time of writing undisclosed.

Park & Charge will continue to operate independently on the local market, and expects to accelerate its growth under the wings of Qwello.