Technology specialist Weidmüller acquires shares in e-mobility provider wallbe, thereby expanding the shareholder base. Weidmüller Mobility Concepts strengthens its existing partnership with enercity AG above all with expertise in development, production and product management
Detmold / Paderborn / Hanover, 12 September 2019. Weidmüller Mobility Concepts GmbH & Co. KG, a 100 per cent subsidiary of the Weidmüller Group, has acquired 25.1 per cent of the Paderborn-based wallbe GmbH from enercity AG. wallbe is a full-service provider of e-mobility charging solutions. The company manufactures charging stations for electric vehicles, offers customers cloud-based operating services and develops intelligent payment and billing functions. wallbe began as a start-up a few years back and generated sales of 5.2 million euros in 2018. The company has around 50 employees. The parties have agreed not to disclose the amount of the purchase price.
Klaus Holterhoff, Managing Director of Weidmüller Mobility Concepts GmbH & Co. KG comments: "Together with wallbe and enercity, we will further develop innovative solutions for charging infrastructure in Europe. To this end, we contribute our longstanding expertise in DC technology, solutions for the Internet of Things, as well as product management, development and electrical production. Together, we want to help shape the future of electromobility with safe charging station technology that also conforms to calibration law."
Dr Susanna Zapreva, CEO of enercity AG: "In the course of the further strategic orientation of wallbe, with Weidmüller Mobility Concepts we have gained a shareholder with proven competence in the field of industrial technology. Thanks to the competence of the new circle of shareholders, wallbe is very well positioned to assert itself in the rapidly growing market of e-mobility".
Dr Dominik Freund, Managing Director of wallbe GmbH, adds: "With the entry of Weidmüller Mobility Concepts, we are continuing our success story as a pioneer for innovative solutions for charging infrastructure in Europe. We are delighted to be part of this strong team".