Qwello, a provider of EV charging infrastructure solutions, has acquired Park & Charge, a Netherlands-based company established in 2016. The acquisition will allow Park & Charge to continue operating independently in the local market, focusing on growth in the public sector. It also provides an opportunity for both companies to expand more rapidly to meet the increasing demand for charging stations.
Dr. Henrik Thiele, founder of Qwello, highlighted the strategic fit between the two companies, stating, “In Park & Charge, we have found a partner that not only shares our values but also aligns with our European growth strategy.” The partnership aims to combine the expertise of both companies in operation, installation, and maintenance, with a shared focus on user-friendliness and innovation.
The acquisition enables Qwello to expand its network of charging locations, particularly in Germany, where progress has been limited due to approvals from local authorities. The Netherlands presents an attractive market with its national target of 1.8 million charging stations by 2030, including around 400,000 in public spaces.
Gerwin Hop, founder of Park & Charge, emphasized the importance of collaboration between charging point operators (CPOs), municipalities, and grid operators for achieving growth in the EV charging infrastructure. He stated, “I am pleased that Qwello recognizes this, and I look forward to further developing this together.”
Qwello, which started operations in 2020, offers a turnkey infrastructure solution for charging stations, including hardware and software development, installation, financing, ownership, operation, and maintenance. The company has expanded its operations to several European markets, including Germany, Sweden, the UK, Poland, and France, as well as in Spain through a joint venture with Acciona, a Spanish provider of renewable energies.