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ABB E-mobility, a global leader in electric vehicle (EV) charging solutions, today announced that it has signed a pre-IPO private placement of\u00a0approximately CHF200 million for newly issued shares, led by new minority investors.\u00a0<\/strong><\/h4>\n<\/p>\n
The transaction will close during the fourth quarter 2022. ABB E-mobility will use the proceeds to continue the execution of its growth strategy, driven by both organic and M&A investments in hardware and software.<\/p>\n
The private placement includes participation from the long-term equity strategy fund of Interogo Holding, a foundation-owned international investment group based in Switzerland. moyreal holding ag (“moyreal”), a Swiss single-family office with a long-standing history in the automotive industry and advised by Helvetic Trust AG, and ABB E-mobility Chairman, Michael Halbherr, are also participating in the private placement. Interogo Holding and moyreal believe that ABB E-mobility will play an important role in the transformation towards a more sustainable society.\u00a0ABB remains a committed partner to ABB E-mobility with a shareholding of approximately 92 percent, providing continued access to funding and supporting its future growth journey.<\/p>\n
ABB CEO Bj\u00f6rn Rosengren said: \u201cWe remain committed to our strategy to separately list our E-mobility business subject to constructive market conditions. Meanwhile, having Interogo Holding, moyreal and Michael Halbherr as new co-shareholders in ABB E-mobility is a recognition of the company\u2019s leading customer offering and market position. The private placement underpins our joint commitment to ensure ABB E-mobility\u2019s fast growth in order to remain best positioned to lead the sector in EV charging solutions.\u201d<\/p><\/blockquote>\n
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\u201cWe have followed the EV charging space for long time and are impressed by what the ABB E-mobility team has achieved. ABB E-mobility is well-positioned to support the transformation towards a more sustainable future. We look forward to working with the team and co-shareholders,\u201d says Richard Sil\u00e9n, MD of IH Long-term Equity Advisors AB, the long-term equity arm of Interogo Holding AG.<\/p><\/blockquote>\n
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Board of Directors fully appointed<\/strong><\/p>\n
Following the appointment of Chairman Michael Halbherr, as well as three representatives from ABB, namely Morten Wierod (President of Electrification business area), Carolina Granat (Chief Human Resources Officer), and Andreas Wenzel (Head of Strategy and M&A), three additional independent Board members for ABB E-mobility have been named: H\u00e5kan Samuelsson, Annette K\u00f6hler and Peter Molengraaf. In addition, Richard Sil\u00e9n, Managing Director of IH Long-Term Equity Advisors AB, has been appointed to the Board.<\/p>\n
The Board of Directors, covering expertise across the fields of automotive, energy, finance and digitalization, has been established to govern the division in the spirit of an agile and fast-moving independent company.<\/p>\n
ABB E-mobility is a global market leader in building a zero-emission future, with smart, reliable and emission-free EV charging solutions. Since the beginning of the year, the company has significantly scaled up its business, also through a number of acquisitions and investments, including In-Charge, Chargelab and Numocity, as well as the opening of a state-of-the art production facility in Italy and the US footprint expansion.<\/p>\n
Lilja, Morgan Stanley, and UBS acted as financial advisors and Lenz & St\u00e4helin acted as external legal advisors to ABB on the private placement.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n
Source<\/strong>
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EMR Analysis<\/strong><\/h4>\n
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\nMore information on ABB:<\/strong>\u00a0See full profile on EMR Executive Services<\/p>\n
More information on Bj\u00f6rn Rosengren (Chief Executive Office, ABB):\u00a0<\/strong>See full profile on EMR Executive Services<\/p>\n
More information on Carolina Granat (Chief Human Resources Officer and Member of the Executive Committee, ABB + Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0See full profile on EMR Executive Services<\/p>\n
More information on Andreas Wenzel (Head of Strategy and M&A, ABB + Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n
More information on ABB Electrification:<\/strong>\u00a0https:\/\/new.abb.com\/about\/our-businesses\/electrification<\/a>\u00a0+ ABB’s Electrification business offers a wide-ranging portfolio of products, digital solutions and services, from substation to socket, enabling safe, smart and sustainable electrification. Offerings encompass digital and connected innovations for low- and medium-voltage, including EV infrastructure, solar inverters, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cabling, sensing and control.<\/p>\n
More information on Morten Wierod (President Electrification and Member of the Executive Committee, ABB + Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n
More information on ABB eMobility:<\/strong>\u00a0https:\/\/e-mobility.abb.com\/about\/<\/a>\u00a0\u00a0+ We are the global leader in EV charging1 (1 By revenues (excluding China)) technology with the highest uptime and largest installed base of DC fast chargers in the market. Using critical cloud-based connectivity, we remotely diagnose, cure infrastructure and update in-house developed software. With more than 13 years of experience in DC fast charging and commercial products introduced since May 2010, we have an unparalleled reach with sales of more than 600,000 electric vehicle chargers across more than 88 markets, including more than 30,000 fast chargers.<\/p>\n
To continue our leadership in this fast-moving space and create a platform for future growth, ABB is transitioning the E-mobility Division into a stand-alone business. With E-mobility as separate legal structure, we create a platform for accelerated growth and value creation in this business.<\/p>\n
At a glance:<\/p>\n
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- 1,000 employees – 350 R&D engineers<\/li>\n
- 40,000+ DC chargers sold in 85 countries<\/li>\n
- 800,000+ AC chargers, including via Chargedot<\/li>\n
- 42m charging sessions enabled<\/li>\n
- 470GWh power delivered<\/li>\n
- 6 Start-ups in E-mobility space (invested)<\/li>\n<\/ul>\n
Main Segments:<\/p>\n
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- Single-home residential charging<\/li>\n
- Apartment, hotel & workplace destination charging<\/li>\n
- Public commercial parking<\/li>\n
- Fast-charging roadside stations<\/li>\n
- Commercial fleet<\/li>\n
- Industrial fleet<\/li>\n
- Heavy-duty truck charging<\/li>\n
- Bus charging<\/li>\n<\/ul>\n
More information on Michael Halbherr (Chairman, ABB E-mobility Holding AG):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n
More information on Frank M\u00fchlon (President, ABB\u2019s E-mobility Division):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n
More information on InCharge Energy:<\/strong>\u00a0https:\/\/inchargeus.com<\/a>\u00a0+ In-Charge Energy is electrifying transportation fleets to improve public and planetary health, quality of life, and equitable economic opportunities for all. The veteran In-Charge Energy team has over 50 years of experience in the EV industry including Tesla, BMW, ABM, NRG Energy, EVGo, Electrify America and Innogy e-Mobility.\u00a0InCharge Energy<\/a>\u00a0is an energy solutions company that is accelerating electrification of the transportation industry by providing a comprehensive scalable e-fleet solution. We tailor our solutions to private and public commercial fleets, electric vehicle OEMs, ride-share operators, municipalities and commercial\/residential facilities owners.<\/p>\n
More information on ChargeLab:\u00a0<\/strong>https:\/\/www.chargelab.co\/<\/a>\u00a0+ ChargeLab is the operating system for EV chargers. We’re the back-end software behind North\u00a0America’s leading EV fleets, charging networks, and charging sites.<\/p>\n
More information on Numocity:<\/strong>\u00a0https:\/\/www.numocity.com\/<\/a>\u00a0+ Intelligent Platform for Energy as a Service. Digital SaaS Platform For Energy Delivery To Electric Vehicles<\/p>\n
Intelligent Charging Management Platform for Managing and Monetizing Infrastructure of \u2018Energy as a service\u2019 companies.<\/p>\n
Founded in 2018 and based in Bangalore, India, Numocity is a market leader in India\u2019s EV charging sector, offering a cloud-based digital platform that allows consumers and fleet operators to use a network of fixed chargers or battery swapping solutions on a \u201cpay as you go\u201d basis. The platform is also able to monitor the impact of energy use on the electricity grid. ABB already made an initial investment of seven percent as part of seed stage venture capital funding three years ago.<\/p>\n
More information on Ravikiran Annaswamy (Co-Founder & CEO, Numocity):<\/strong>\u00a0https:\/\/www.numocity.com\/about-us-2\/<\/a>\u00a0+\u00a0https:\/\/www.linkedin.com\/in\/aravikiran\/<\/a><\/p>\n
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More information on The M&A Advisor:<\/strong>\u00a0https:\/\/www.maadvisor.com<\/a>\u00a0+ The M&A Advisor was founded in 1998 to publish insights and intelligence on mergers and acquisitions. Over the past twenty two years, we have established and now serve the world\u2019s premier organization of M&A, Turnaround and Finance professionals.<\/p>\n
More information on Roger Aguinaldo (Founder & Co-Chairman, The M&A Advisor):<\/strong>\u00a0https:\/\/www.linkedin.com\/in\/rogeraguinaldo\/<\/a><\/p>\n
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More information on Interogo Holding AG:<\/strong>\u00a0https:\/\/www.interogoholding.com\/<\/a>\u00a0+ Interogo Holding is a foundation-owned investment group. Our investment strategies include private and long-term equities, real estate, infrastructure and liquid assets.<\/p>\n
Our investment approach is based on the belief that long-term sustainable competitiveness can only be achieved when businesses create value both for their owners and for other stakeholders, including co-workers, society and the environment.<\/p>\n
More information on Henrik Jonsson (CEO, Interogo Holding AG):<\/strong>\u00a0https:\/\/www.interogoholding.com\/governance\/team\/<\/a><\/p>\n
More information on Richard Sil\u00e9n (MD, IH Long-term Equity Advisors AB, Interogo Holding AG + Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0<\/a>See full profile on EMR Executive Services<\/p>\n
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More information on Moyreal Holding AG:<\/strong>\u00a0https:\/\/moyreal.ch\/<\/a>\u00a0+ moyreal immobilien ag manages a real estate portfolio with predominantly residential uses throughout switzerland. it wants to offer current and future generations of tenants an attractive and livable living environment and promote innovations through sustainable offers. for moyreal immobilien ag, new forms of living, changed living and mobility behavior are the obligation to pursue innovative paths while ensuring high product quality.<\/p>\n
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More information on Helvetic Trust AG:<\/strong>\u00a0https:\/\/www.helvetic-trust.ch\/html\/en\/e_home.htm<\/a>\u00a0+ Helvetic Trust was founded in 2001 by Kaspar Grob. We have offices in\u00a0Zurich<\/a>,\u00a0Bern<\/a>\u00a0and\u00a0Lausanne<\/a>, and a representative office in\u00a0London<\/a>. Our headquarters is located in Zurich and 100% of our share capital is held by the active partners.<\/p>\n
Our financial independence and the avowed quality of our consulting services help guarantee that our activities remain geared to the long term and provide an integrated offering with the interests of our discriminating clients at heart.<\/p>\n
More information on Kaspar Grob (Founder, Chairman of the Board of Directors, Helvetic Trust AG):<\/strong>\u00a0https:\/\/www.helvetic-trust.ch\/html\/en\/e_ueber_uns_team_london.htm<\/a><\/p>\n
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More information on Polestar:<\/strong>\u00a0https:\/\/www.polestar.com\/global\/<\/a>\u00a0+ We are an electric performance brand, utilising design and innovation to accelerate the shift to sustainable mobility. Polestar\u00a0Automotive Holding UK PLC (Nasdaq: PSNY) (\u201cPolestar\u201d) is\u00a0a Swedish premium electric vehicle manufacturer. Founded\u00a0by Volvo Car AB (publ.) (together with its subsidiaries, \u201cVolvo Cars\u201d) and Zhejiang Geely Holding Group Co., Ltd (\u201cGeely\u201d),\u00a0in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.<\/p>\n
Polestar is headquartered in Gothenburg, Sweden, and its vehicles are\u00a0currently\u00a0available and on the road in markets across Europe, North America,\u00a0China\u00a0and Asia Pacific.\u00a0Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the USA.<\/p>\n
More information on Thomas Ingenlath (CEO, Polestar):<\/strong>\u00a0https:\/\/investors.polestar.com\/corporate-governance\/management-team<\/a>\u00a0+\u00a0https:\/\/www.linkedin.com\/in\/thomas-ingenlath-2625b617\/<\/a><\/p>\n
More information on H\u00e5kan Samuelsson (Chairman of the Board, Polestar + Independent Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0\u00a0See full profile on EMR Executive Services<\/p>\n
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More information on DKSH:<\/strong>\u00a0https:\/\/www.dksh.com\/global-en\/home<\/a>\u00a0+ In 2008, DKSH embarked on a global branding initiative with the aim of establishing DKSH as a strong global services brand for the entire Group. In this process we repositioned the company, and created a distinctive new business category, \u201cMarket Expansion Services\u201d. This expression clearly specifies what we do best: helping other companies and brands to grow their business in new or existing markets.<\/p>\n
DKSH helps companies to grow their business in existing markets and expand into new ones. We do this by delivering the services our business partners need to achieve their goals, Market Expansion Services.<\/p>\n
More information on Prof. Dr. Annette Gisela K\u00f6hler (Member of the Board of Directors, DKSH + Independent Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0See full profile on EMR Executive Services<\/p>\n
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More information on Peter Molengraaf (Green investor and former Energy Executive + Independent Member of the Board of Directors, ABB E-mobility Holding AG):<\/strong>\u00a0See full profile on EMR Executive Services<\/p>\n
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More information on Lilja:<\/strong>\u00a0https:\/\/www.liljaco.com\/<\/a>\u00a0+ Lilja & Co. is an independent equity capital markets advisory firm. We advise company owners, founders and managements in connection with equity offerings (e.g. IPO, Secondaries), dual track exit processes or other equity-related situations. The firm was founded in 2004 by Robert Lilja.<\/p>\n
Lilja & Co. has advised on a large number of European capital market transactions across a variety of industry sectors. We are market leading in IPO and dual track exit advisory in the German speaking countries and one of the leading players in Europe.<\/p>\n
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More information on Morgan Stanley:<\/strong>\u00a0https:\/\/www.morganstanley.com\/<\/a>\u00a0+ Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the Firm\u2019s employees serve clients worldwide including corporations, governments, institutions and individuals.<\/p>\n
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