EnBW Energie Baden-Württemberg AG is set to acquire a 25.1% shareholding in VERBUND subsidiary SMATRICS through subsidiary EnBW mobility+ AG & Co. KG. SMATRICS provides software solutions and services that enable business customers and partner companies to use or offer comprehensive e-mobility solutions. The parties have agreed to maintain confidentiality regarding the details of the transaction. Closure remains subject to regulatory approval by the relevant competition authorities. SMATRICS and EnBW already established a joint subsidiary, SMATRICS EnBW, in 2020. The joint venture operates the largest fast charging network in Austria with some 250 DC fast charging points and is pushing ahead the growth of electric mobility.
“When Austria’s biggest provider of green electricity and the operator of Germany’s biggest public fast charging network decide to work together even more closely, then that is an emission-free turbo boost for the future of mobility,” said VERBUND CEO Michael Strugl. VERBUND is Austria’s leading electricity company and one of the largest producers of electricity from hydropower in Europe. Some 97% of the company’s electricity generation comes from renewable energy sources, primarily hydropower. Strugl: Critical factors for the successful adoption of electric mobility are the enabling conditions and infrastructure together with the provision of electricity from 100% renewable energy.”
EnBW’s investment in SMATRICS paves the way for even closer cooperation between the two companies. As Timo Sillober, Chief Sales & Operations Officer at EnBW, explains: “Following our successful joint venture for the rollout of charging infrastructure in Austria, this investment is precisely the logical next step. It enables us to coordinate our efforts more closely than ever for wide-ranging product collaborations. Our two companies’ capabilities are a perfect complementary fit, especially in the fleet and business customer segment. This lets us keep electric mobility in the fast lane.”
This year, EnBW and SMATRICS have developed a product for municipal utilities and launched a full charging solution for fleet operators. For SMATRICS Managing Director Hauke Hinrichs, EnBW’s entry as a strategic partner will help strengthen SMATRICS’ operational focus as an IT and tech provider in electric mobility: “EnBW looks after the end customer side and we provide the tech solutions in the background.” Hinrichs aims to enhance SMATRICS’ position as an electric mobility partner to energy providers, municipal utilities and other players in the energy industry.