DigitalBridge Group acquired Equans' asset-based e-mobility activities in the Netherlands to establish a focused organization for sustainable infrastructure growth.
| Acquirer | DigitalBridge Group (US, GB) |
|---|---|
| Target | Equans' asset-based e-mobility activities in the Netherlands (NL) |
| Type of Deal | Carve out |
| Deal Value | Undisclosed |
| Closing Date | November 8, 2023 |
| Announcement Date | November 8, 7 2023 |
| Buy-side Financial Advisors | Sidley Austin, Berenson & Company, Stifel |
| Legal Counsel (Buy Side) | Sidley Austin, Norton Rose Fulbright |
DigitalBridge Group completed the acquisition of Equans' e-mobility activities in the Netherlands to create a focused organization for sustainable infrastructure growth. The deal sees DigitalBridge and Aberdeen Investments acquiring these assets from Equans.
Deal Mechanics
The transaction involves the transfer of Equans’ asset-based e-mobility business, which specializes in delivering reliable, scalable, and sustainable electric vehicle charging solutions to governments and private enterprises across the country. The acquired entity will operate under a new brand name, Velian, marking its transition as an independent company.
Strategic Rationale
DigitalBridge Group aims to leverage this acquisition to bolster its portfolio in the rapidly growing electric vehicle infrastructure market. By establishing Velian as a dedicated platform, DigitalBridge and Aberdeen Investments seek to capitalize on the increasing demand for reliable charging solutions and the expanding role of sustainable transportation.
Financial Context
The deal value was not disclosed by either party involved in the transaction. However, given the strategic importance of e-mobility infrastructure in Europe’s energy transition agenda, the acquisition is expected to provide significant long-term growth opportunities for both DigitalBridge and Aberdeen Investments.
Advisors
The buy-side financial advisors were Sidley Austin, Berenson & Company, and Stifel. Legal counsel for the buyers was provided by Sidley Austin and Norton Rose Fulbright.