Eversheds Sutherland advises Shell on its acquisition of on-street charging provider ubitricity

ubitricity, which is based in Berlin and London, is one of the leading providers of on-street charging and billing solutions for electric vehicles (EV). The company is active in a number of European countries and operates the UK’s largest EV public charging network with over 2,700 charge points.

Sellers include the founders of ubitricity Gesellschaft für verteilte Energiesysteme mbH as well as further shareholders, including Heinz Dürr Invest, the Siemens subsidiary Next47, Honda, EDF, earlybird and VC Fonds Technologie Berlin.

The transaction is subject to customary regulatory approval processes and expected to complete within 2021.

Maximilian Findeisen, Corporate and M&A partner and co-head of Eversheds Sutherland’s Dusseldorf office, commented:

“We are very pleased to support Shell in their strategic expansion in the fast-growing on-street charging market for electric vehicles.”

The Eversheds Sutherland team which advised Shell on the transaction was led by Maximilian Findeisen, and included Martin Bechtold, Partner, Foreign Trade, Munich; Martin Weitenberg, Partner, Energy, Dusseldorf; Jubilee Easo, Partner, Energy, London; Fabrice Witzke, Counsel, Foreign Trade, Munich; Carsten Eichler, Counsel Public Procurement, Munich; and Associate Philip Kuehn, Associate, Commercial, Hamburg.