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New Deal


Announced

Completed

ChargePoint completed the acquisition of ViriCiti for €75m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Completed

electrification solutions

IT Services: Other

Acquisition

Majority

Netherlands

Cross Border

Friendly

Synopsis

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ChargePoint, an American electric vehicle infrastructure company, completed the acquisition of ViriCiti, a electrification solutions provider for eBus and commercial fleets, for €75m. "The future of fleets is electric, and integrating charging solutions with the many business systems already in place in today’s depots is essential to successful electrification. Adding ViriCiti’s vehicle management capabilities to our fleet portfolio allows ChargePoint to deliver more functionality to eBus and commercial fleet operators, while remaining open to integration with existing telematics systems. The combined solution underscores the importance of software to EV charging and will ensure operational readiness at low cost as fleets of all types across North America and Europe continue to electrify," Pasquale Romano, ChargePoint President and CEO.

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