OMV Acquires Renovatio Asset Management with Over 400 Charging Points

OMV Petrom, the largest integrated energy producer in Southeast Europe, has completed the acquisition of Renovatio Asset Management, the owner of the largest electric vehicle charging network in Romania. The network currently boasts over 400 charging points, with growth prospects reaching approximately 650 by 2026.

The transaction has been approved by the Competition Council and the Committee for Foreign Direct Investment Examination. By the end of the first quarter of 2024, OMV and Petrom networks included about 300 charging points.

Radu Căprău, member of the Executive Board of OMV Petrom, responsible for refining and marketing, stated, “By finalizing 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. We aim to remain the first choice for our customers and strengthen our leading position in Romania in the mobility segment.”