Barcelona, 30 April 2020 — Wallbox has acquired Intelligent Solutions, a distributor for electric charging solutions in the Nordics. The acquisition is a key component in Wallbox’s strategy of expanding its business in Northern Europe.
Founded in 2016, Intelligent Solutions is one of the biggest distributors of intelligent charging solutions in Northern Europe, with an extensive partner network of 900 car dealers, installers, and utility companies in Norway, Sweden, Finland, and Denmark. With headquarters in Stavanger, Norway, the company offers turnkey solutions from hardware to installation service and technical support.
Picture: Geir Frode Skjæveland, CEO of Intelligent Solutions andEnric Asunción, CEO of Wallbox.
Commenting on the investment, Wallbox’s CEO Enric Asunción says: ”The acquisition of Intelligent Solutions proves our commitment to the Nordic market. We aim to achieve an even higher profile and greater penetration within the demanding market for EV charging solutions in Northern Europe. The acquisition of Intelligent Solutions is an essential element in these plans.”
With the acquisition of the company, Wallbox will also expand its Nordic team. The global smart charging company plans to hire 15 new employees to be based in Norway, Sweden, Denmark, and Finland. One part of the new team will be responsible for sales and technical support in the Nordic countries, while the other part will consist of engineers and developers who will further develop smart charging solutions for Northern Europe.
The CEO of Intelligent Solutions, Geir Frode Skjæveland explains: “I’m delighted to be a part of Wallbox now and to build on our successful partnership. We have been growing at a very fast pace over the last three years, doubling our turnover every year. By joining Wallbox, we can now offer even more support to our customers, including technical service, sales, and marketing and accelerate our growth even further in this region”