Brick Technology acquires event charging provider Volt in a step to consolidate the market
2024年7月24日 - 12:14AM
Brick Technology AB (“Brick”), a consumer tech company developing
innovative charging solutions, announced today the acquisition of
Volt ApS (“Volt”). Under the acquisition agreement signed on July
12th, Brick has acquired 100% of the shares in Volt at a total
transaction consideration of 18.8 million Danish Krona / 28.9
million Swedish Krona / 2.5 million Euro. Volt is primarily known
for its charging solution and related services offered at festivals
across Northern Europe.
Image by Brick Technology AB (“Brick”)
Since its founding in 2011, Volt has established itself as a
leading service provider and well-recognized brand in the festival
and events industry by offering in-demand services focused on smart
charging solutions and other related event services such as
lockers. Through this acquisition, Brick will expand its service
offering for the event sector, while enhancing Volt´s services with
Brick's autonomous technology and global franchise network. Volt´s
expertise in brand activation and smart solutions for events will
be integrated into Brick's extensive technology infrastructure and
brought internationally through Brick´s franchise network in close
to 40 countries.
"It is incredibly exciting to become part of Brick," says
Frederik Due Jensen, Founder and CEO of Volt.
Brick Technology CEO Emil Esselin views the acquisition as a
strategic milestone in the company's development. "Acquiring Volt
is an important step for us in consolidating the market. In the
near future, we will focus on realizing synergies with Volt and
taking their services globally, but we’re also on the lookout for
the next interesting company to supercharge our strong organic
growth with another complimentary acquisition".
For further information, please contactJimmy HagelforsChief
Operations Officer, Brick Technology ABPhone: +46
(0)738554630Email: jimmy@brick.tech
About Brick Technology AB:
Brick Technology AB is a consumer tech company developing smart
and autonomous power bank rental solutions. The company has a
franchise network across 35 countries with more than 300,000 users
globally.
About Volt:
Volt is a service provider focusing on smart charging solutions
and related services for festivals and events. The Volt brand has
become well-recognized in the festival industry and is most tightly
associated with the Roskilde festival where it served more than
80,000 festival-goers in 2024 and remains the festival´s most
well-recognized brand. Besides its experienced core team, Volt also
engages upwards of 1,000 volunteers in the festivals it serves.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/59d39a06-958c-42e8-b9ff-08c4a4deb924