Meridiam acquires EV provider

Meridiam has acquired an electric vehicle (EV) charging solution provider as the firm seeks to extend its reach in the European EV infrastructure market.

The French firm acquired Allego, which has a network of multi-standard fast chargers throughout the Netherlands, Germany, Belgium, United Kingdom and Luxembourg.

Julien Touati, Meridiam partner and leadership council chair, said: “Through its infrastructure development expertise, Meridiam will strengthen Allego’s pan-European leadership position and its high-impact contribution to electromobility across Europe.”

Meridiam’s acquisition of Allego from Dutch electricity utility Alliander will enable the two to jointly develop the European Commission-backed Mega-E (Metropolitan Greater Areas Electrified) project to deploy 322 ultra-fast charging locations, including 39 multimodal smart charging hubs in at least 10 European metropolitan areas.

Touati added: “Through its infrastructure development expertise, Meridiam will strengthen Allego’s pan-European leadership position and its high-impact contribution to electromobility across Europe.”

EV charging is becoming an increasingly important part of infrastructure, with the UK Infrastructure and Projects Authority looking to catalyse the market. Meanwhile, London mayor Sadiq Khan has launched a new taskforce focused on expanding EV infrastructure in the capital.