Norwegian energy companies Eviny and Statkraft have agreed to combine their public fast-charging operations in a deal that would create the largest fast-charging provider in the Nordic region, subject to antitrust approval.
Under the proposed transaction, Eviny will acquire Statkraft’s electric vehicle charging subsidiary, Mer, in exchange for shares. The merged company will operate under the name Eviny Elektrifisering and will be headquartered in Bergen, Norway.
Following completion of the deal, Eviny will own a 57% stake in the combined business, while Statkraft will retain the remaining 43%.
Merger Targets Scale in Growing EV Charging Market
The agreement covers only Mer’s public fast-charging business. Mer Austria and Mer Business Germany will remain separate entities, while Mer’s public charging operations in Germany are expected to be integrated into the merged company at a later stage, subject to the required regulatory approvals.
The companies said the combined business will serve more than one million registered customers across the Nordic region. In Norway, the merged company is expected to hold a 24% share of the fast-charging market, while its market share in Sweden is projected to reach 14%.
The partners said the transaction is intended to improve operational efficiency, lower costs and expand the charging network, providing customers with broader access to charging infrastructure.
Henrik Sætness, Executive Vice President of Corporate Development at Statkraft, said industry consolidation reflects changes in the electric vehicle charging market.
“The share of electric vehicles is growing rapidly, and the charging market is in a consolidation phase where scale and cost efficiency are becoming increasingly important for profitability.”
Companies Expect Higher Profitability
Eviny Chief Executive Officer Ragnhild Janbu Fresvik said the merger offers stronger long-term financial prospects than other strategic alternatives considered by both companies.
“The merger is the best solution for both parties, each of which had several other alternatives under consideration. The merged company will double its revenues while reducing costs. We expect high profitability and strong dividend capacity going forward. Together, the new company will achieve a scale and profitability improvement that neither company could have achieved alone.”
The transaction could also strengthen the company’s position in Germany. Eviny is currently developing a nationwide fast-charging network consisting of 142 locations under Germany’s Deutschlandnetz programme and is working with partners including Grr Garbe Retail. The future integration of Mer’s public charging operations would further expand its footprint in the German market.
The proposed merger comes as the Nordic electric vehicle market continues to mature. In Norway, battery-electric vehicles accounted for 97.6% of newly registered passenger cars during the first half of 2026. As adoption increases, charging operators are placing greater emphasis on improving utilisation rates, reducing operating costs and achieving sustainable profitability alongside continued infrastructure expansion.
