Shell agrees to buy SBRS GmbH to expand into new Electric Vehicle market segments
Shell Deutschland GmbH, a wholly owned subsidiary of Shell, has signed an agreement with Schaltbau Holding AG to buy 100% stake in SBRS GmbH, a wholly owned subsidiary of Schaltbau Holding AG. SBRS GmbH is a leading provider of charging infrastructure solutions for commercial electric vehicles, including e-buses, e-trucks and e-vans.
Headquartered in Dinslaken, Germany, SBRS GmbH provides end-to-end engineered solutions for fully integrated electric vehicle charging infrastructure from project conception and construction to maintenance service and monitoring software. The company鈥檚 current client base includes municipalities, public transport operators, Original Equipment Manufacturers (OEMs) and corporate partners in cities such as Cologne, Vienna and Brussels.
This acquisition and investment will enable Shell to strengthen SBRS GmbH鈥檚 leading position in e-bus charging and help it grow rapidly in new segments, including the European e-truck charging market.
鈥淭hrough this acquisition, SBRS GmbH 鈥 a strong and innovative player in commercial EV charging 鈥 joins Shell, one of the world鈥檚 leading providers of fleet management solutions.鈥 Istv谩n Kapit谩ny, Global Executive Vice President of Shell Mobility and Chairman of Advisory Board of Shell Germany said, 鈥淭his acquisition will enable Shell to offer more end-to-end charging solutions to business customers to electrify and decarbonises their fleets, from depot charging equipment, to charge point management and supplying clean energy.
鈥淭he technology needed to decarbonises commercial vehicles and trucks has matured significantly in recent years, and electrification of fleets through e-trucks and e-vans has emerged as a key solution for many of our business customers. We welcome the SBRS GmbH team to the Shell family鈥.
The transaction is subject to regulatory approvals and is expected to close later in 2022.
Notes to editors
- In February 2021, Shell announced its Powering Progress strategy, including details of how it expects to achieve its target to be a net-zero emissions energy business by 2050. For more, visit http://www.shell.com/poweringprogress.
- Shell is investing billions of dollars worldwide in low-carbon energy, including charging stations for electric vehicles, hydrogen, renewable energy, biogas and biofuels.
- Shell has set a target to operate over 500,000 charge points globally by 2025. Currently, we operate over 100,000 charge points for electric cars at homes, business, Shell retail sites and destinations. In addition, we currently offer access to over 300,000 additional charge points through our roaming networks.
- Represented in Germany since 1902, Shell now employs more than 3,000 people in research & development, production and sales of energy solutions and products for private mobility, homes and almost all industries and sectors. The company is gradually changing its portfolio to drive energy transition by providing our customers with energy solutions producing lower CO2 emissions.
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