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Energy & utilities
AEW
Swiss energy company supplying electricity and energy services
Sold its participation in
evpass
Charging network provider for EVs
Advised on Sale of Shares
Advised AEW on the sale of its stake in evpass, a charging network provider for EVs
AEW Energie AG sold its shares in evpass SA. This was founded in 2016 by Green Motion SA. AEW took a stake at the end of 2018 and supported evpass in engineering, sales set-up and second-level support in large parts of German-speaking Switzerland. Since then, evpass has developed very positively; it now operates the most extensive network of public charging stations in Switzerland, with 3,000 charging points. By selling its shares to a leading provider of electric mobility solutions in Switzerland and Europe, AEW is enabling the next development phase of evpass to be initiated by a new strategic investor. The parties have agreed not to disclose the sale price.
TCFG (IMAP Switzerland) acted as financial advisor to AEW.
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