Through this acquisition, Edenred says it will be extending its offer to fleet managers, providing them with an end-to-end EV charging solution. Edenred adds that it affirms its ambition to stand out as the partner for fleet managers, helping them to manage their fleets, whether they consist of combustion engine, hybrid or electric vehicles. This is in line with Edenred strategy aiming at fostering the transition to EV.
Founded in 2019, the Spirii SaaS platform for EV charging is present in 18 countries, offering agile and end-user-oriented solutions covering the whole EV charging value chain.
Through a proprietary Charge Point Management Platform, Spirii provides a full range of EV charging solutions to clients such as TUI, EDF and Lease Plan. Through a network of 250 platform partners including hardware providers and installers for the turnkey offer and with its proprietary best-in-class software technology, Spirii covers both the infrastructure and charge point management parts of the value chain, offering asset-light services to fleet managers through a dedicated platform. Thanks to its mobile app, which has recorded an outstanding +150% annual growth in number of users in 2023, Spirii also provides a seamless end-user charging experience allowing drivers to plug into any available charging station thanks to its wide means of payments, as well as an extensive charging network accessible through roaming. Headquartered in Copenhagen, Denmark, Spirii has around 100 employees and is expected to generate revenues of €25m to €30m in 2024.
Edenred offers more than ninety programs enabling its 210,000 customers in Europe and Latin America to efficiently manage their fleets, optimize their costs and reduce their carbon footprint. In Europe, its customers can access more than 570,000 on-road charging points for electric and hybrid vehicles. Fleet managers can benefit from a comprehensive mixed-fleet management solution, enhanced by an array of value-added solutions through Edenred digital platform including toll solutions and VAT refund services.
Diane Coliche, chief operating officer, mobility at Edenred, said: “We are excited to bolster our offerings as we embark on this new journey alongside Spirii. This operation expands our reach to a broader network of clients. With this acquisition, Edenred reinforces its commitment to spearheading innovative eMobility solutions and to helping its clients in their electrification transition. We are looking forward to collaborating with Spirii’s teams to reshape the mobility landscape."
Tore Harritshøj, co-founder and CEO of Spirii, said: “The combination of Spirii’s cutting-edge technology for EV charging and Edenred’s comprehensive portfolio of leading Mobility solutions will fast-track the transition to sustainable transportation, enabling companies and EV drivers to fulfill their electric mobility ambitions.”
The transaction consists in the acquisition of an initial 88% equity stake in Spirii and includes call options enabling Edenred to raise its interest to 100% by 2029. Private Equity Fond Nordic Alpha Partners will alongside all other non-management investors, sell 100% of their shares in the transaction.
