Takeover: “has.to.be” Radstadt is sold for 250 million euros

The US company ChargePoint wants that European e-mobility software provider has.to.be from Radstadt for 250 million euros.

RADSTADT. The Radstadt-based company has.to.be beats all records with the takeover offer from Charge Point. Up until now, the sale of the Linz company “runtastic” was the most expensive takeover at 230 million euros, but the Pongau-based company topped this again by 20 million euros.

“Salzburg, but also many other regions in Austria, are still heavily dependent on tourism. With has to be we have shown that in our valuable landscapes
Have climate-protecting solutions produced that are used around the world. I hope this
Will find imitators! “ – has.to.be managing director Martin Klässner

The company headquarters remains in Radstadt

According to has.to.be, ChargePoint Holdings, a leading company for electric mobility charging infrastructure solutions in North America and Europe, announced the signing of an acquisition agreement yesterday, July 20, 2021. One reason for the takeover is based on the fact that Europe is currently one of the fastest growing e-mobility markets in the world. Has.to.be generated sales of around 9.5 million euros last year, and the now targeted purchase price of 250 million euros should be paid in cash as well as shares. The takeover will officially take place at the end of 2021. The company headquarters are to remain in Radstadt, the new headquarters of the pan-European company did not move into until spring 2021. Because the fact that the company has achieved international success in a small community like Radstadt is an important sign for other company founders.

Eight years of success

Martin Klässner, co-founder of has.to.be, explains on the company’s website: “In the past eight years, our talented team has made a decisive contribution to e-mobility in Europe and has won a large number of leading brands as customers. They rely on our software platform every day to meet their technical requirements. Together with ChargePoint, we will continue to follow this vision in the future and – as the market continues to expand – achieve even higher scaling. “Klässner wants to remain active in the group, but it is not yet known in which position. Also all 125 in Austria and Germany employees will be taken over by the US group Has.to.be offers solutions and charging stations in all European countries as well as Japan, Australia, New Zealand and Ukraine.

Well-known partners go along

Charge Point will primarily benefit from has.to.be’s good position on the Austrian, Swiss and German markets. According to the Radstadt-based company, well-known brands such as Aral, Audi, GP Joule, Ionity and Porsche rely on its software solutions. The Volkswagen Group can be named as one of the most important shareholders. “As part of our longstanding commitment to electromobility, we invested in has.to.be at an early stage. We believe that ChargePoint and has.to.be jointly have great potential to further advance electromobility, “says Elke Temme, Head of Volkswagen Charging & Energy. Thanks to its comprehensive software platform, the company is capable of complex use cases of e- To cover mobility and to offer solutions for the diverse charging infrastructure landscape. Incidentally, the software from has.to.be was developed entirely in Salzburg.

Advantages for US corporations

“As an established market leader in North America, our continued investment in the European market is critical to our growth strategy,” said Pasquale Romano, President and CEO of ChargePoint, commenting on the takeover. The US company is pleased to announce the acquisition agreement Add ChargePoint “a leading e-mobility company with a talented team, strong and innovative technology and an impressive customer base.”

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