NHOA announces that Atlante, its subsidiary dedicated to fast and ultra-fast charging infrastructure for electric vehicles, has finalized the acquisition in Portugal of a majority stake in Kilometer Low Cost (KLC), announced on December 16, 2022.

This acquisition will enable Atlante to position itself as a major player on the Iberian Peninsula, and bring the company closer to its ambition of becoming the largest fast and ultra-fast charging infrastructure in Southern Europe.

The transaction concerns 60% of KLC's shares, representing a capital consideration for the sellers of around 4.5 million euros, with options for the remaining 40% by 2024 in return for a portion of the capital ranging from 1.7 to 6.7 million euros.

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