Update on February 26th, 2021: Shell completes acquisition of ubitricity — ubitricity is now wholly owned subsidiary of Shell, within its Mobility division.
Broadening its current range of EV charging solutions, Shell supports the shift to low-carbon transport by offering electric vehicle drivers public on-street charge points integrated into existing street infrastructure.
Shell has signed an agreement to buy 100% of ubitricity, a leading European provider of on-street charging for electric vehicles (EVs). The move represents a further step in Shell’s efforts to support drivers as they switch to lower-carbon transport. Subject to regulatory clearance, the deal is expected to be completed later this year.
Founded in Berlin, Germany, ubitricity operates in a number of European countries, and is the largest public EV charging network in the UK with over 2,700 charge points (currently over 13% market share [1]). The company has also established emerging public charging positions in Germany and France and has installed over 1,500 private charge points for fleet customers within Europe [2].
ubitricity works with local authorities to integrate EV charging into existing street infrastructure such as lamp posts and bollards. The result is EV charging that is affordable, accessible and convenient for anyone who wants to charge their EV while it is parked on the street. This solution is particularly useful for people who lack a private driveway but want to charge their EV overnight.
This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale their overall EV charging offer. This already includes over 1,000 ultra-fast and fast charging points at approximately 430 Shell retail sites plus worldwide access to over 185,000 third-party EV charging points [3] at a range of public locations including forecourts, motorway service stations, and destinations.
Commenting on the acquisition, István Kapitány, Executive Vice President of Shell Global Mobility, said, “Working with local authorities, we want to support the growing number of Shell customers who want to switch to an EV by making it as convenient as possible for them. On-street options such as the lamp post charging offered by ubitricity will be key for those who live and work in cities or have limited access to off-street parking. Whether at home, at work or on-the-go, we want to provide our customers with accessible and affordable EV charging options so they can charge up no matter where they are.”
Explaining why Shell was the ideal company to support ubitricity’s growth strategy, Lex Hartman, ubitricity’s CEO, said, “What excites so many people about ubitricity is that our integration of EV charge points into existing on-street infrastructure makes EV charging easy and accessible for everyone who needs it, where they need it. Particularly in larger cities where there is limited access to off-street parking, this is the solution many people have been waiting for to allow them to transition to EV ownership. Combining this piece of the puzzle with Shell’s existing range of EV charging solutions gives EV drivers access to a full range of charging options, making Shell and ubitricity a perfect match.”
This is the latest move from Shell as it expands its low-carbon transport options for customers, helping them to reduce their carbon footprint. Shell’s own ambition is to become a net-zero emissions energy business by 2050, or sooner, in step with society.
Once the deal is completed, ubitricity is expected to become a wholly owned subsidiary of Shell.
1 https://www.zap-map.com/statistics/#share – 22/01/2021
2 ubitricity also provides private off-street EV charging solutions for business customers in Germany
3 Shell’s Global charging point network: through Shell affiliated brands and partner networks
NOTES TO EDITORS:
Siemens has partnered with ubitricity since 2017, delivering charging infrastructure across London, UK. Siemens installs and maintains the ubitricity charging ‘SimpleSocket’ solution in lamp posts across London boroughs. This partnership supports Transport for London in a shared endeavour to make electric vehicle charging accessible to every Londoner – helping improve air quality and uptake of EV cars. Siemens acquired a minority stake in ubitricity in 2017; the company has made the decision to sell this stake to Shell. Siemens plans to maintain its partnership with ubitricity, through Shell, and continue to service charging infrastructure across London boroughs, as well as work jointly on new projects if they arise. Siemens Smart Infrastructure, which runs the e-mobility charging portfolio within Siemens AG, focuses predominantly on business-to-business e-mobility customers, offering a full range of charging solutions.
Press Contact
Nicole Anhoff-Rosin
Head of Marketing & Communications
For further information or press enquiries, please contact us by e-mail at any time.
About ubitricity
ubitricity is the leading charge point operator in the UK and hosts a network of over 6,000 public charge points. Supplying lamppost, bollard, fast and rapid charge point solutions, ubitricity works alongside local authorities to expand public charging infrastructure inline with residents’ needs. Based in Berlin and London the company also operates in other European countries such as Germany and France. ubitricity is a wholly owned subsidiary of the Shell Group.
About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
Cautionary note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 25th January 2021. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
The content of websites referred to in this announcement does not form part of this announcement.
We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov
powered by Borlabs Cookie