The acquisition announced in August has now received all necessary regulatory approvals. Following this completion, SBRS GmbH becomes a wholly owned subsidiary of Shell, within its Downstream Mobility division.

SBRS GmbH, headquartered in Dinslaken, Germany, has a client base that includes municipalities, public transport operators, Original Equipment Manufacturers (OEMs) and corporate partners in cities such as Cologne, Vienna and Brussels. The acquisition brings significant experience in electric bus charging and a material pipeline in electric truck charging and will expand Shell’s portfolio of lower-carbon solutions for fleet solutions and commercial road transport customers.

István Kapitány, Global Executive Vice President of Shell Mobility, said: “This acquisition will enable us to offer more charging solutions to business customers who need to electrify and decarbonise their fleets or improve their depot charging capabilities. These include end-to-end charging solutions, customised hardware, specialised software, operations and maintenance at business premises, homes and on the go. This deal is in line with Shell’s strategy to support our customers in the sustainable growth of their businesses, and achieve our goal of becoming a net-zero emissions energy business by 2050.”

SBRS GmbH joins a broad suite of companies that Shell has acquired in recent years, including Shell Recharge Solutions, ubitricity, Cable Energia, Next Kraftwerke, sonnen and LimeJump. These companies support our ambition to play a key role in decarbonising the passenger and road freight transport sectors, while building a leading global position in EV charging.

This latest acquisition further expands the range of solutions we are able to provide fleet customers, which also includes Shell BioLNG and Shell Renewable Diesel currently in selected European markets.

Notes to Editors

  • In February 2021, Shell announced its Powering Progress strategy, including details of how it expects to achieve its target to be a net-zero emissions energy business by 2050. For more, visit http://www.shell.com/poweringprogress.
  • Shell is investing billions of dollars worldwide in low-carbon energy, including charging stations for electric vehicles, hydrogen, renewable energy, biogas and biofuels.
  • Shell has set a target to operate over 500,000 charge points globally by 2025. Currently, we operate over 100,000 charge points for electric cars at homes, businesses, Shell retail sites, destinations and on streets. In addition, we currently offer access to over 300,000 additional charge points in Europe through our roaming networks.
  • Represented in Germany since 1902, Shell now employs more than 3,000 people in research & development, production and sales of energy solutions and products for private mobility, homes and almost all industries and sectors. The company is gradually changing its portfolio to drive energy transition by providing our customers with energy solutions producing lower CO2 emissions.

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, 2nd November 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

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We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

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