July 23, 2021
Weil's Munich, Frankfurt and New York offices advised ChargePoint Holdings, Inc. on the definitive agreement to acquire has-to-be GmbH. The purchase price amounts to approximately €250 million, subject to adjustments, and is to be paid in cash and stock. Closing of the transaction is subject to the satisfaction of regulatory approvals and other customary closing conditions.
has-to-be GmbH is a leading European e-mobility technology provider headquartered in Austria in which, besides various private shareholders, Volkswagen is also an investor and key stakeholder.
ChargePoint Holdings, Inc., based in Campbell, California, is a leading electric vehicle (EV) charging network in North America and Europe and the world’s first publicly traded global EV charging network with a listing on the NYSE.
The Weil transaction team was led by Munich Corporate partner Gerhard Schmidt and was supported by Munich partners Manuel-Peter Fringer, Barbara Jagersberger (both Corporate) and Tobias Geerling (Tax), New York Corporate partners Amanda Fenster and Frank Adams as well as counsel Felix Ganzer (Corporate, Frankfurt), Florian Wessel (Corporate/Regulatory, Munich), Benjamin Rapp (Tax, Munich), Konstantin Hoppe (IP/IT, Munich) and associates Andreas Fogel, Cornelia Tu, Amelie Zabel, Maximilian Schmitt (all Corporate, Munich), Steffen Giolda (Corporate/Regulatory, Frankfurt), Mareike Pfeiffer (Employment, Frankfurt) and Mario Kuhn (Corporate, Frankfurt).