The competition regulator (AdC) will now assess the merger resulting from Galp's acquisition of sole control of Mobiletric, a deal disclosed by the oil company a month ago.
The Competition Authority (AdC) has been notified of the purchase by Galp Power, a subsidiary of Galp Energia SGPS, of Mobiletric, a supplier of charging solutions for electric cars.
The competition regulator will now assess the merger resulting from Galp’s acquisition of sole control of Mobiletric, a deal disclosed by the oil company a month ago.
Mobiletric acts as a licensed operator of public access charging stations (OPC) and as a supplier of electricity for electric mobility (CEME), according to the notice published by the AdC.
Galp Power, which bought the entire company, is dedicated to the exploration and production of oil, natural gas, electricity and renewable energy, and also operates in the Galp universe as an operator in the sector of electric mobility as an OPC, CEME, supplier of private electric vehicle charging stations (PCVE) and provider of operational leasing services for electric vehicles.
In the statement, released on 8 September, on the agreement to purchase Mobiletric, Galp did not indicate the amount involved in the operation, but only that it would benefit from an increase of 280 charging points in its network in the short term, most of which are already in operation, in addition to “a solid portfolio of projected charging points that ensures immediate growth prospects”.
Galp’s aim is to double the network of charging points managed in Portugal, by the end of this year, to over 1,000 points, up from 513 points at the end of last year.