OMV acquires Romania’s largest charging station network
The company targets operating 1,000 charging points for electric vehicles in the region, by the end of 2024.
OMV Petrom has completed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania.
The transaction was approved by the Competition Council and the Commission for Foreign Direct Investment Screening. Renovatio currently operates over 400 charging points and is targeting growing its e-mobility network up to approximately 650 by 2026.
"By completing this acquisition, OMV Petrom becomes the largest player in the field of electric mobility in Romania. Our ambition is to have 1,000 charging points installed in Romania, Bulgaria, Serbia and Moldova by the end of this year," said Radu Căprău, member of OMV Petrom Executive Board, responsible for refining and marketing.
At the end of the first quarter of 2024, there were approximately 300 charging points in OMV and Petrom networks.
