Swiss Life AM acquires majority stake in EV charging infrastructure owner

Written by Adam Cadle

23/05/2023

Swiss Life Asset Managers (Swiss Life AM) has acquired a majority equity interest in Powy valued at €84m, a leading independent owner and operator of electric vehicle (EV) charging infrastructure in Italy and Spain.

Powy is currently operating over 400 charging points in around 150 different premium locations across Italy and Spain.

“We are delighted to have gained the trust of Powy’s founders and shareholders and are excited to support the company in its next phase,” Gianfranco Saladino, head value-add infrastructure at Swiss Life AM.

“Europe is experiencing a strong acceleration in the electrification of both private transportation and commercial fleets, driving increased demand for EV charging services in the years to come. We are excited to back the management team and support them in supercharging Powy’s growth in their core markets and beyond.”

There are no related documents to show at this time.

Portfolio optimisation in today’s challenging market environment

Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

The role ETFs can play in the ESG journey for insurers

Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing