ChargePoint Holdings, Inc. completed the acquisition of has·to·be gmbh from i5invest Beratungs GmbH and Elli Group GmbH.
October 06, 2021
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ChargePoint Holdings, Inc. (NYSE:CHPT) signed an definitive agreement to acquire has.to.be gmbh from i5invest Beratungs GmbH and Elli Group GmbH for approximately 250 million on July 20, 2021. The consideration, subject to adjustments, to be paid in cash and stock. ChargePoint paid to the former stockholders of hastobe gmbh an aggregate of 5.6951 million shares of Common Stock. The transaction is subject to the satisfaction of regulatory approvals and other customary closing conditions. The transaction is expected to close in 2021. Gerhard Schmidt, Manuel-Peter Fringer, Barbara Jagersberger, Tobias Geerling and Florian Wessel of Weil, Gotshal & Manges LLP, Munich, Felix Ganzer, Steffen Giolda, Mareike Pfeiffer and Mario Kuhn of Weil, Gotshal & Manges LLP, Frankfurt, Amanda Fenster and Frank Adams of Weil, Gotshal & Manges LLP acted as legal advisors to ChargePoint Holdings, Inc.
ChargePoint Holdings, Inc. (NYSE:CHPT) completed the acquisition of has·to·be gmbh from i5invest Beratungs GmbH and Elli Group GmbH on October 6, 2021.
ChargePoint Holdings, Inc. is an electric vehicle (EV) charging technology solutions provider. The Company designs, develops, and markets networked electric vehicle charging system infrastructure (Networked Charging Systems), connected through cloud-based services (Cloud Services) which enables charging system owners, or hosts, to manage their Networked Charging Systems, and enable drivers to locate, reserve and authenticate Networked Charging Systems, and to transact EV charging sessions on those systems. The Companyâs Networked Charging Systems, subscriptions and other offerings provide an open platform that integrates with system hardware from ChargePoint and other manufacturers, connecting systems over an intelligent network that provides real-time information about charging sessions and full control, support, and management of the Networked Charging Systems. This network also provides multiple Web-based portals for charging system owners, fleet managers, drivers, and utilities.