Total acquires G2mobility, strengthens electric vehicle charging sector

Total acquires G2mobility, strengthens electric vehicle charging sector

11:23 AM, 24th September 2018
Total logo

PARIS, FRANCE: Total SA has finalized the acquisition of G2mobility, a French leading provider of electric vehicle charging solutions. With this deal, Total is accelerating the growth of its electric vehicle charging businesses, from designing smart charging stations to optimizing energy usage management and selling integrated services.

A leader in the sector since 2009, G2mobility has developed and markets a comprehensive charging solution, with connected charging stations operated by a web platform that can remotely control the charge points, offer services, particularly smart energy management systems. With almost 10,000 points managed by its services platform, G2mobility supports municipal governments and private businesses.

Following the signature of an agreement with G2mobility and its longtime shareholders, including Bpifrance and Nexans, Total now fully owns the company.

“Total is pursuing its expansion in new energies for mobility. Following the acquisitions of PitPoint in 2017 and of 25 percent of Clean Energy in the US, which has allowed us to accelerate in natural gas fuel for vehicles, the G2mobility transaction is a pivotal step in improving our electric vehicle charging offer. With a market share of more than 25 percent of charging points for local governments and growth in revenues of over 50 percent last year, G2mobility brings us a new competency to provide more efficient electric charging systems for our B2B and B2C customers.” said Momar Nguer, president, marketing & services and member of the executive committee at Total.

“Current growth in the electric vehicle industry is bringing charging solutions into a new era in terms of ambition and capacity. Today, you have to offer integrated solutions, from electricity supply to an end-to-end charging service. In joining Total, G2mobility can enthusiastically pursue its growth and keep contributing to the energy transition,” added Pierre Clasquin, CEO and co-founder of G2mobility.

Total combines G2mobility partnership with Nexans

To help speed up the growth of infrastructure for electric vehicles, Total and Nexans have signed a partnership agreement that gives Total access to Nexans’ production capacity and industrial know-how. Nexans will be able to rely on G2mobility’s technological edge and Total’s range of service offerings.

“We’re delighted to be working with Total to help improve vehicle charging infrastructure, the key to adopting sustainable mobility, in particular through our AGICITY® range. Nexans is proud to have helped G2mobility grow by providing this innovative company with our industrial expertise,” said Christopher Guerin, CEO of Nexans.

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