Etrel, a smart charging solutions provider, strengthens its position in the e-mobility market by becoming a part of Landis+Gyr Group.
Etrel is a pioneer in the development and implementation of interactive charging, the technology behind their Etrel INCH charging stations and advanced software solution for charge point management, Etrel OCEAN.
This past week, a binding agreement to acquire 75% of Etrel’s share capital was signed by Landis+Gyr (LAND.SW), a leading provider of integrated energy management solutions for the utility sector.
“The shared vision for sustainable and zero-emission mobility will further drive Etrel’s mission to develop the best charging infrastructure with a perfect user experience in harmony with the power grid,” said Miha Levstek, Chief Executive Officer & Co-Founder of Etrel “We are excited to join Landis+Gyr and look forward to enabling even more customers in their sustainability efforts through our charging solutions by facilitating a more extensive use of renewable energy for electric mobility and helping EV batteries become an essential part of smart grids.”
“Etrel’s charging stations cater to any home or business, providing intelligent user interaction, advanced power management and flexibility, while offering users a seamless transition between charging locations with a single app, keeping track of all deployed charging equipment. Therefore, Etrel’s vision is perfectly aligned with our values to drive Customer Intimacy and Sustainable Impact and will enable us to further expand our EV infrastructure business. We look forward to welcoming the Etrel team as part of Landis+Gyr upon closing of the transaction”, added Werner Lieberherr, Chief Executive Officer of Landis+Gyr.
Following the closing, expected in the coming months, the current management team – Miha Levstek, CEO & Co-Founder of Etrel and Borut Mehle, CTO & Co-Founder of Etrel – will continue in their positions and drive Etrel’s technology and profitable growth as part of the Landis+Gyr group.
As part of Landis+Gyr, Etrel expects to advance its technology development , accelerate growth and strengthen its position in the eMobility market to meet the increasing demand for smart charging solutions. In addition, the company will continue to invest in the development of its software and hardware products to remain an innovation leader in eMobility.
Etrel is an innovative European manufacturer of smart charging stations and software for integrated charging systems for electric vehicles. Their electromobility ecosystem comprises EV charging products for private, public, and commercial use, charging infrastructure management software, and web applications for end users. As a leading research and development player in the Smart Grid industry, Etrel plays a key role in global trend setting.
Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, they deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.7 billion in FY 2019, Landis+Gyr employs approximately 5,500 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.
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