EVOLGY - new electrification company

EFD Induction's owner, Arendals Fossekompani (AFK), acquires 100 percent of IPT Technology, a German company developing wireless power transfer technology. At the same time, AFK is establishing a new group, Evolgy, which will own both IPT and EFD Induction.

“Evolgy will merge two companies with complementary induction technology: The well-established, global green-tech company EFD Induction, which delivers solid results – and the wireless charging innovation company IPT Technology, which has great growth potential. This is an interesting combination which we will consider raising capital for. A stock exchange listing may happen when the market reopens”, says Ørjan Svanevik, CEO of Arendals Fossekompani.

EFD Induction is a global leader in induction technology, with more than 1,000 employees in over 20 countries. Their ground-breaking, sustainable heating equipment is used in a wide range of industries, and the company is the world’s leading supplier of heating solutions for the renewable energy sector. EFD Induction, which for many years has been the preferred supplier of equipment to most of the world's car manufacturers, is now dedicated to helping make the production of electric vehicles even more eco-friendly. Their portfolio also represents potential customers for IPT.

IPT Technology was founded in 1996 as Europe’s first producer of solutions for induction charging and wireless power transmission. The company offers a user-friendly, cost-effective and safe alternative for sustainable charging of electric vehicles as well as power supply solutions for industrial applications. The systems are perfectly suited for warehouses, airports, factory floors and similar places where forklifts, robots and other lifting systems are used. IPT has also contributed to the development of so-called "en route" wireless charging, where vehicles are charged during short halts at, for example, bus stops or ferry quays. The most future-oriented technology lies in IPT's e-mobility concept, which includes wireless dynamic charging of cars while driving.

 

“Today's solution for electric cars are charging stations and home chargers. Future solutions may include self-driving cars that charge while driving on normal roads. IPT has the technology and expertise to make this happen”, says Svanevik.

 

So far, IPT Technology has distributed their products through agents and subcontractors. Now, IPT

products will be sold through Evolgy with the help of EFD Induction's worldwide sales force.

 

“IPT will have a capital-strong owner and access to an established, global sales force that knows the technology as well as the potential customers. This is a match that opens up value-creating opportunities”, says Svanevik.

 

IPT Technology has spent around 250 million Euros on developing and securing 1,200 patents for induction technology.

 

“We have acquired the company at a reasonable price and will add expertise, networks and capital to accelerate growth. We wish to lift IPT from being a German subcontractor to becoming an international player in wireless charging, which we believe will become a global megatrend”, says Svanevik.

 

In parallel with the acquisition of IPT Technology, Arendals Fossekompani is establishing the Evolgy Group, which will own both IPT and EFD Induction. Evolgy will have two segments: Evolgy Heat (EFD Induction) and Evolgy Charge (IPT). The company is being set up for growth, both organically and through further acquisitions.

 

“Evolgy fits well into our future-oriented portfolio, which is already solidly positioned within several global megatrends”, says Svanevik.

EVOLGY’s headquarter will be in Skien, Norway, co-located with EFD Induction Group. CEO Bjørn Eldar Petersen will become CEO of EVOLGY, while Ørjan Svanevik will be Chairman of the Board.

“Both EFD Induction and IPT Technology are eager to get started and we aim to work closely together from day one”, says Petersen. “I am very confident that we will make a great team.”  

 

 

IPT Technology | www.ipt-technology.com
IPT Technology har mer enn 25 års erfaring fra trådløs kraftoverføring og induksjonslading. Fra sitt hovedkontor i den tyske byen Efringen-Kirchen har selskapet gjennom de siste tiårene bygget fremtidsrettede teknologiske løsninger, beskyttet av mer enn 1200 egne patenter. Selskapet har levert trådløse ladeløsninger til kollektivtransporten i en rekke europeiske byer, blant annet London, Madrid og Berlin. IPT kjøpte i 2021 selskapet Primove fra Bombardier, som blant annet har utviklet løsninger for induksjonslading av personbiler og lastebiler i samarbeid med henholdsvis Audi og Scania.

EFD Induction | www.efd-induction.com
EFD Induction er et ledende internasjonalt green-techselskap som leverer kostnadseffektive, trygge og energieffektive induksjonsvarmeløsninger til en lang rekke forskjellige industrier. Utstyret støttes av et globalt nettverk av salgs- og servicekontorer, produksjonsanlegg og produktutviklingssentre. EFD Induction tar aktivt del i det grønne skiftet, og fokuserer på bærekraftige produkter, ressurseffektiv produksjon, etisk forretningsdrift, en ansvarlig og robust leverandørkjede og, sist men ikke minst, å være en god arbeidsplass. EFD Induction har hovedkontor i Skien.

Evolgy | www.evolgy.com
Arendals Fossekompani etablerer Evolgy, et globalt konsern med ulike former for induksjons-teknologi. Evolgy vil i første omgang bestå av EFD Induction, et stort globalt selskap som leverer induksjonsvarme, og nyervervede IPT, et tysk innovasjonsselskap som spesialiserer seg på induksjonslading.

Arendals Fossekompani | www.arendalsfossekompani.no
Arendals Fossekompani (AFK) er et industrielt investeringsselskap som eier energi- og teknologi-relaterte selskaper med et internasjonalt nedslagsfelt. AFK har i mer enn 100 år produsert vannkraft som er blitt brukt til å bygge norsk industri og norske lokalsamfunn. Samtidig har kompetansen, kapitalen og ingeniørkunsten fra kraftproduksjonen lagt grunnlaget for at vi i dag eier selskaper med teknologi og løsninger som bidrar til et energiskifte i hele verden.