Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Total has finalized the acquisition of G2mobility, a French
leading provider of electric vehicle charging solutions. With this
deal, Total is accelerating the growth of its electric vehicle
charging businesses, from designing smart charging stations to
optimizing energy usage management and selling integrated
services.
A pioneer in the sector since 2009, G2mobility has developed and
markets a comprehensive charging solution, with connected charging
stations operated by a web platform that can remotely control the
charge points, offer services, particularly smart energy management
systems. With almost 10,000 points managed by its services
platform, G2mobility supports municipal governments and private
businesses.
Following the signature of an agreement with G2mobility and its
longtime shareholders, including Bpifrance and Nexans, Total now
fully owns the company.
“Total is pursuing its expansion in new energies for mobility.
Following the acquisitions of PitPoint in Europe in 2017 and of 25%
of Clean Energy in the U.S. this year, which has allowed us to
accelerate in natural gas fuel for vehicles, the G2mobility
transaction is a pivotal step in improving our electric vehicle
charging offering. With a market share of more than 25% of charging
points for local governments and growth in revenues of over 50%
last year, G2mobility brings us a new competency to provide more
efficient electric charging systems for our B2B and B2C customers.”
stated Momar Nguer, President, Marketing & Services and member
of the Executive Committee at Total.
“Current growth in the electric vehicle industry is bringing
charging solutions into a new era in terms of ambition and
capacity,” added Pierre Clasquin, Chief Executive Officer and
co-founder of G2mobility. “Today, you have to offer integrated
solutions, from electricity supply to an end-to-end charging
service. In joining Total, G2mobility can enthusiastically pursue
its growth and keep contributing to the energy transition.”
“The energy transition is an excellent growth opportunity and a
tool for innovation, differentiation and performance for French
companies. It is also a core focus of Bpifrance’s actions,”
explained Paul-François Fournier, Senior Executive Vice President,
Bpifrance Innovation. “We’re proud to have supported the growth of
G2mobility since 2013, and to see it join a world-class company
where it can accelerate its expansion and the deployment of its
service offering.”
Total Consolidates G2mobility Partnership With Nexans
To help speed up the growth of infrastructure for electric
vehicles, Total and Nexans have signed a partnership agreement that
gives Total access to Nexans’ production capacity and industrial
know-how. Nexans will be able to rely on G2mobility’s technological
edge and Total’s range of service offerings.
“We’re delighted to be working with Total to help improve
vehicle charging infrastructure, the key to adopting sustainable
mobility, in particular through our AGICITY® range.” said
Christopher Guérin, CEO of Nexans. “Nexans is proud to have helped
G2mobility grow by providing this innovative company with our
industrial expertise.”
About G2mobility
Founded in 2009, G2mobility is the French leader in smart
charging solutions for electric vehicles. The company designs,
produces and implements solutions that integrate charge points
adapted to different environments, Electric Vehicle Supply
Equipment (EVSE) management and central supervision from its SaaS
software tool G2smart, and local EVSE management with the G2box
integrated in the charge points or located nearby on-site.
G2mobility's products and services are compliant with OCPP
communication protocol defined by the Open Charge Alliance, an
international organization of which G2mobility has been a board
member since 2015. - www.g2mobility.com
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, and a major player in
low-carbon energies. Our 98,000 employees are committed to better
energy that is safer, cleaner, more efficient, more innovative and
accessible to as many people as possible. As a responsible
corporate citizen, we focus on ensuring that our operations in more
than 130 countries worldwide consistently deliver economic, social
and environmental benefits.
About Bpifrance
Bpifrance is the French national investment bank: it finances
businesses – at every stage of their development – through loans,
guarantees, equity investments and export insurances. Bpifrance
also provides extrafinancial services (training, consultancy..). to
help entrepreneurs meet their challenges (innovation, export…).
For more information, please visit: www.bpifrance.fr and
presse.bpifrance.fr
Follow us on Twitter: @Bpifrance - @BpifrancePresse
About Nexans
As a global leader in advanced cabling and connectivity
solutions, Nexans brings energy to life through an extensive range
of best-in-class products and innovative services. For over 120
years, innovation has been the company’s hallmark, enabling Nexans
to drive a safer, smarter and more efficient future together with
its customers.
Today, the Nexans Group is committed to facilitating energy
transition and supporting the exponential growth of data by
empowering its customers in four main business areas: Building
& Territories (including utilities, smart grids, e-mobility),
High Voltage & Projects (covering offshore wind farms,
submarine interconnections, land high voltage), Telecom & Data
(covering data transmission, telecom networks, hyperscale data
centers, LAN), and Industry & Solutions (including renewables,
transportation, Oil & Gas, automation, and others).
Corporate Social Responsibility is a guiding principle of
Nexans’ business activities and internal practices. In 2013 Nexans
became the first cable provider to create a Foundation supporting
sustainable initiatives bringing access to energy to disadvantaged
communities worldwide. The Group’s commitment to developing
ethical, sustainable and high-quality cables drives its active
involvement within several leading industry associations, including
Europacable, the National Electrical Manufacturers Association
(NEMA), International Cablemakers Federation (ICF) or CIGRE to
mention a few.
Nexans employs more than 26,000 people with industrial footprint
in 34 countries and commercial activities worldwide. In 2017, the
Group generated 6.4 billion euros in sales. Nexans is listed on
Euronext Paris, compartment A.
For more information, please visit: www.nexans.com & follow
us on Twitter, LinkedIn, YouTube and Facebook
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them. This document may contain
forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk
factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any
obligation to update publicly any forward-looking information or
statement, objectives or trends contained in this document whether
as a result of new information, future events or otherwise.
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Total contactsMedia Relations :+33 1 47 44 46
99presse@total.com@TotalPressorInvestor Relations:+44 (0)207 719
7962ir@total.comorBpifrance Press ContactChristophe
Menger+33 (1)1 41 79 95
12christophe.menger@bpifrance.frorNexansPressAngéline
Afanoukoé+33 (0)1 78 15 04 67angeline.afanoukoe@nexans.comorKsenia
Kanareva+33 (0) 1 78 15 04 74ksenia.kanareva@nexans.comorInvestor
RelationsMichel Gédéon+33 (0)1 78 15 05
41michel.gedeon@nexans.comorMarième Diop+33 (0) 1 78 15 05
40marieme.diop@nexans.com
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