Qwello Benelux has acquired a majority stake in Dutch charging infrastructure specialist Groen-Eco, expanding its business beyond its traditional focus on public charging concessions.
The acquisition was completed on September 21. Based in Rotterdam, Groen-Eco operates 720 charging units with more than 1,400 charging points across over 230 locations in the Netherlands, according to the company.
The business focuses on charging infrastructure for companies, property owners and semi-public locations. Its projects are typically supported by long-term site agreements lasting more than 10 years.
Groen-Eco Adds B2B and Destination Charging
Groen-Eco manages the installation, operation, maintenance and billing of its charging infrastructure. Following Qwello’s investment, the existing management and operational team is expected to remain in place.
The acquisition will also allow Groen-Eco to use Qwello’s hardware and full-stack software. For Qwello, the transaction provides access to Groen-Eco’s established customer base and portfolio of long-term locations in the B2B and destination charging markets.
“Groen-Eco brings a strong customer base and a solid portfolio of long-term site contracts,” said Qwello Managing Director Henrik Thiele.
Thiele said the combination of the two businesses creates opportunities to expand their operations in the Dutch market.
Qwello Broadens Beyond Public Concessions
Qwello has primarily developed its European charging business through public charging concessions and private investments. The company has expanded its presence across Germany, the Netherlands, Sweden, the UK, France, Spain, Poland and Denmark.
In Germany, Qwello was awarded a contract this year to deploy around 230 charging points at 65 locations in the Landkreis Harburg. The company operates the project alongside Vattenfall and Wirelane under the Harburg Model.
Qwello is also active in Munich’s municipal charging market. The company previously challenged tender procedures for public charging infrastructure in the city, while Munich is preparing a new concession process for the expansion and operation of its public charging network.
Acquisition Creates Complementary Charging Locations
The Groen-Eco acquisition gives Qwello a stronger position in charging locations operated by businesses and property owners. These sites complement public charging infrastructure deployed through municipal concessions.
The combined approach provides Qwello with access to both public street locations and semi-public destinations, broadening the types of sites available for charging infrastructure deployment.
Groen-Eco founder Martien de Groene said the partnership will provide the company with additional technical and operational support as it enters its next phase of growth.
Qwello said it currently operates more than 18,000 charging points across Europe through public concessions and private investments. The acquisition further strengthens its presence in the Dutch charging market while expanding its exposure to commercial and destination charging.