Thursday, April 22, 2021

Stockholm-based company acquires Lincs electric charging equipment manufacturer

Stockholm-based Sdiptech AB has acquired Rolec Services Ltd and One Stop Europe Ltd (Rolec), a specialist in the design and manufacture of electric vehicle (EV) charging points and outdoor electrical charging equipment and systems.

Established in 1990, Lincolnshire-based Rolec has a turnover of approximately £23 million and a pre-tax operating income of approximately £7 million.

Rolec has over three decades of experience of design, manufacture and installation of outdoor electrical chargers. Today, approximately 75 percent of Rolec’s sales come from the EV segment.

Jakob Holm, CEO of Sdiptech, said: “We are excited to welcome Rolec to the group. It is a successful business with a long experience within the industry, a market-leading product range and an outstanding service offering.

“Due to its strong heritage of tailor-made turn-key systems for charging of marinas and caravans, Rolec has for the past ten years been able to gain a strong market position in UK within the growing EV segment, with over 200,000 chargepoints installed.

“The fact that they can combine their own electric vehicle charging range with either their own back-office charge-point management platform or a third parties management platform provides numerous exciting opportunities.”

Fredrik Navjord, Business Area Manager for Water & Energy at Sdiptech, said: “Rolec stands out as one of the first movers in the UK with a comprehensive product range, large technical sales force and a substantial base of trained third-party installers.

“To name a few, their vast product range includes an industry leading range of both AC Fast and DC Rapid EV chargers, caravan hook-up units, marina service pedestals and distribution equipment.

“With Sdiptech’s experience in sustainable energy solutions, we look forward to working together with the talented team at Rolec to develop the business further.”

Rolec is Sdiptech’s eighth UK business unit and will be included in the business area Water & Energy as of February 2021.

“We are delighted to be part of the Sdiptech Group of UK based companies and feel Sdiptech as a long-term owner offers us the additional resources and expertise required to further develop our product range and services and take Rolec to the next level,” said Kieron Alsop, Managing Director at Rolec.

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