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Total Buys Car Charging-Point Provider in New Power-Market Foray

  • Deal adds to recent acquisitions in power retail, renewables
  • G2mobility purchase gives Total about 10,000 charging stations
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How Electric Vehicle Charging Will Impact Power Systems

Total SA bought a French operator of car-charging points, adding to its electricity investments as oil companies prepare for an influx of low-emission cars.

Total purchased G2mobility from companies including cable maker Nexans SA for an undisclosed sum. It has made a string of power acquisitions in recent years, while European competitors have also invested in car charging as rising electric-vehicle use threatens to dent demand for gasoline and diesel.