M&AJul 10, 2026, 06:43 UTC

Eviny and Statkraft merge fast-charging arms to form Nordic region's largest EV operator

What's the deal? Eviny Fast Charging and Mer have agreed to merge, creating the largest electric vehicle (EV) fast-charging operator in the Nordic region. Eviny will hold a 57% stake in the combined company, with Statkraft owning the remaining 43%.

The details: The merged business will operate across Norway, Sweden, and Denmark, serving more than one million registered customers. The companies also intend to include Mer's public fast-charging business in Germany, subject to regulatory approval.

What's the endgame? Both companies expect the merger to strengthen profitability and cut operating costs by combining their customer bases, charging networks, and experience across four markets. They said the deal could double revenues while lowering costs, with future growth self-financed through operating revenues.

What changes for customers? Users are expected to gain access to a unified fast-charging network, fewer apps, broader infrastructure, and competitive pricing.

“Eviny Fast Charging and Mer are two of the Nordic region's leading fast-charging companies, and a merged company built on our cost-efficient platform will provide a better customer offering and greater competitiveness,” said Ragnhild Janbu Fresvik, chief executive officer of Eviny.

Henrik Sætness, executive vice president of corporate development at Statkraft, said the company weighed several strategic options for Mer before concluding a merger would create the greatest long-term value.

What could go wrong? The transaction still needs approval from the Norwegian Competition Authority and other regulators, including those covering Mer's German operations.

The signal: Consolidation is reaching the Nordic EV charging market, as operators pursue scale to lower costs and improve profitability in a fast-growing but capital-intensive sector.