M&A Deal Summary

innogy e-mobility US Acquires Recargo

On October 2, 2018, innogy e-mobility US acquired software company Recargo

Acquisition Highlights
  • This is innogy e-mobility US’s 1st transaction in the Software sector.
  • This is innogy e-mobility US’s 1st transaction in the United States.
  • This is innogy e-mobility US’s 1st transaction in California.

M&A Deal Summary

Date 2018-10-02
Target Recargo
Sector Software
Buyer(s) innogy e-mobility US
Deal Type Add-on Acquisition

Target

Recargo

El Segundo, California, United States
Recargo Inc. is a software company for electric mobility in the US. The Company is based in El Segundo, California.

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Buyer(S) 1

Buyer

innogy e-mobility US

Los Angeles, California, United States

Category Company
Founded 2017
Sector Electrical Equipment
DESCRIPTION

innogy e-mobility US LLC operates as a technology and service provider in the field of e-mobility. The company is a wholly owned subsidiary of innogy SE. The company's portfolio spans the whole length of the value chain, from the production, marketing, supply and construction of charging solutions right up to the operation of charging infrastructure based on its in-house software. innogy also markets a range of additional services in connection with e-vehicle electricity.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1