Swiss Life Asset Managers completed the acquisition of a majority stake in Powy.

Swiss Life Asset Managers, an asset manager, completed the acquisition of a majority stake in Powy, an owner and operator of Electric Vehicle charging infrastructure in Italy and Spain. Financial terms were not disclosed. “Powy has proven to be uniquely positioned to rapidly develop its EV charging network in premium locations and we are now thrilled to continue this work alongside Swiss Life Asset Managers. In addition to the financial resources fuelling our ambitious growth plans across Europe, Swiss Life Asset Managers will bring to Powy its wealth of experience in the development of high-growth companies, its proven capability to support the implementation of ESG practices and a vast investment portfolio brimming with valuable potential synergies," Federico Fea, Powy Co-Founder and CEO.