Announced
Completed
Financials
Tags
ev charging infrastructure
Completed
Private
Auto Services
Friendly
Single Bidder
Norway
Acquisition
Cross Border
Majority
Private Equity
Synopsis
Cube Infrastructure Managers, a private equity firm, completed the acquisition of a 55% stake in Kople, an ev charging infrastructure provider, from Ringerikskraft, an energy utility company, for $45m. "This is a great opportunity to join forces with Cube to boost Kople’s growth and expansion, bringing onboard additional financial strength and an international perspective to support the company’s ambition in Norway and beyond. The partnership with Cube will accelerate the deployment of Kople’s own network while keeping its strong local anchorage and close attention to the needs of municipalities and other stakeholders in Norway," Alf Inge Berget, Ringerikskraft CEO.
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