Total Boosts EV Presence with Acquisition, Partnership

Total Boosts EV Presence with Acquisition, Partnership

France’s Total is seeking to increase its presence within the EV sector by buying a charging technology company and partnering with a cable producer.

The French oil major says it has completed the acquisition of EV charging tech provider G2mobility. The company says it views the move as a way of “accelerating the growth” of its existing EV charging operations. It thinks it will allow it to progress “from designing smart charging stations to optimizing energy usage management and selling integrated services”.

In comments suggesting the company views the EV sector as a growth market, Total president of marketing and services Momar Nguer said: “Total is pursuing its expansion in new energies for mobility … the G2mobility transaction is a pivotal step in improving our EV charging offering”. From his end, G2mobility co-founder and CEO Pierre Clasquin said he hoped his company’s takeover would allow it to “enthusiastically pursue its growth and keep contributing to the energy transition”.

At the same time, Total has announced it has forged a “partnership agreement” with major cable maker Nexans. The apparent aim of this partnership is to give Total, Nexans and G2mobility unrestricted access to each other’s respective knowledge bases. Nexans CEO Christopher Guérin said he was “delighted” by the new arrangement.

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