Remo Sustainable Mobility expands EV charging network with Mota-Engil investment
Deal News | Nov 22, 2024 | Iberian Lawyer
Deloitte Legal has advised Remo Sustainable Mobility in an investment transaction with Mota-Engil Renewing, signaling a significant move towards electric vehicle infrastructure expansion. Remo, which operates public charging solutions, is expanding its network in Spain where approximately 200 charging points are already operational and 300 more are in development. Mota-Engil Renewing, on the other hand, is focused on the decarbonization agenda and expanding sustainable infrastructure across Europe, with an ambitious goal to establish 7,500 charging stations by 2028 across Portugal, Spain, and Poland. The transaction underscores both companies' commitment to the European energy transition. Deloitte Legal’s Corporate M&A team led by Ignacio Echenagusia, alongside Felipe Yannone Sierra and Iciar Letona, provided strategic advisory services for this transaction.
Sectors
- Renewable Energy
- Automotive
- Legal Advisory
Geography
- Spain – Remo Sustainable Mobility’s current and expanding operations are based in Spain.
- Portugal – Mota-Engil Renewing plans to expand its infrastructure, including in Portugal.
- Poland – Mota-Engil Renewing includes Poland in its expansion goals for charging stations.
Industry
- Renewable Energy – The article involves companies focused on expanding electric vehicle infrastructure and decarbonization, which is integral to the renewable energy industry.
- Automotive – Involves the infrastructure supporting electric vehicles, which is a critical component of the automotive sector's evolution.
- Legal Advisory – Deloitte Legal's involvement in advising the transaction places this article in the legal advisory sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Remo Sustainable Mobility | Target company | Company | A company providing public charging solutions for electric vehicles in Spain. |
| Mota-Engil Renewing | Investor | Company | A company focused on decarbonization and expansion of sustainable infrastructures in Europe. |
| Deloitte Legal | Legal advisor | Company | Provided legal advisory services to Remo Sustainable Mobility for the transaction. |
| Ignacio Echenagusia | Partner in Corporate M&A team | Person | Member of the Deloitte Legal team advising the transaction. |
| Felipe Yannone Sierra | Senior associate in Corporate M&A team | Person | Member of the Deloitte Legal team advising the transaction. |
| Iciar Letona | Associate in Corporate M&A team | Person | Member of the Deloitte Legal team advising the transaction. |