- Transaction to expand Galp’s electric charging network by 280 points in the short term
- Galp strengthens its ambition to have 10,000 charging points in operation in the Iberian Peninsula by the end of 2025
(PRESS RELEASE) LISBON, 8-Sep-2021 — /EuropaWire/ — Galp Energia, SGPS, S.A. (Euronext: GALP), Portgual based multinational energy corporation, has announced it will acquire the entire share capital of Mobiletric, one of the key operators in the electric mobility sector in Portugal, particularly in fast and ultra-fast electric charging.
With this acquisition, Galp adds 280 charging points to its network in the short term, most of them already in operation, as well as a solid portfolio of planned charging points which will enable rapid growth prospects.
The transaction – combined with Galp network’s strong organic growth – will allow the number of charging points managed by the Company in Portugal to double to more than 1000 points in operation by the end of 2021, from 513 at the end of 2020.
As part of Galp’s growth plan to thrive through the transition into a more sustainable energy model, the acquisition of Mobiletric is a relevant step towards Galp’s goal of reaching 10,000 charging points in Iberia by the end of 2025.
The conclusion of the agreement is conditional to normally applicable regulatory approvals.
Galp is an energy company committed to the development of efficient and sustainable solutions in its operations and in the integrated offers to its customers. We create simple, flexible and competitive solutions for the energy or mobility needs of huge industries and small and medium sized businesses as well as the individual consumer.
Our offer comprises various types of energy – electricity from renewable sources to natural gas and liquid fuel. As a producer, we operate in the extraction of oil and natural gas from reservoirs located miles below the sea surface and we are amongst the leading Iberian solar-based electricity producers. We contribute to the economic development of the 10 countries in which we operate and to the social progress of the communities that host us. We are, therefore, leaders in our sector in the world’s main sustainability indices. Galp has 6360 employees. More information at www.galp.com.
Pedro Marques Pereira
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