Allego Enters Italy through Strategic Agreement with Tamoil Italia to Bring EV Charging to 11 Tamoil Sites

Rhea-AI Summary

Allego has announced a strategic agreement with Tamoil Italia to develop 11 charging locations in Italy, including ten ultra-fast and one fast-charging site, with a 25-year lease agreement. Three locations will be in Milan. CEO Mathieu Bonnet emphasized the growth of electric vehicle demand and Allego's commitment to expanding its presence across Europe, now operating in over 16 countries. The partnership aims to enhance e-mobility services for customers, reflecting Allego's leadership in the fast-charging network in Europe.

Positive

• Strategic agreement with Tamoil Italia to develop 11 charging locations in Italy.
• Expansion into the Italian market with a 25-year lease for charging sites.
• Allego operates in over 16 countries, enhancing its geographic footprint.

Negative

• None.

PARIS & ARNHEM, Netherlands & NEW YORK--(BUSINESS WIRE)-- Allego Holding B.V. (“Allego” or “the “Company”), a leading pan-European electric vehicle charging network that announced a business combination with Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), today announced that it has entered into a strategic agreement with Tamoil Italia, a leading fuel energy provider within the European downstream oil and gas sector, to develop 11 ultra-fast and fast charging locations throughout Italy at pre-existing Tamoil sites.

Allego has agreed to develop ten ultra-fast charging sites and one fast-charging site across northern Italy. Notably, three of these locations are set to be in Milan. The lease contract is for a 25-year term.

“We are very pleased to enter the Italian market to support the development of high-powered charging sites in Italy, a country with a long history of automotive innovation,” commented Mathieu Bonnet, CEO of Allego. “We look forward to our collaboration with Tamoil and to helping bring sustainable transportation to this region as Europe’s demand for charging infrastructure continues to grow with increasing numbers of electric vehicles on the road. Allego now operates in over 16 countries, and we are eager to continue extending our geographic footprint across Europe to deliver electric charging infrastructure as a truly pan-European company.”

“The collaboration with Allego is consistent with our commitment to constantly improve services for customers, offering charging solutions for e-mobility,” said Silvia Gadda, Sales & Marketing Manager of Tamoil Italia. “We are excited to partner with one of the leading fast-charging networks in Europe to ensure that our EV customers receive topline service whenever they seek to charge their vehicles.”

About Allego

Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprising more than 28,000 charge points operational throughout Europe – and proliferating. In 2018, the Company was acquired by Meridiam, a global long-term sustainable infrastructure developer and investor, which provided necessary capital to enable the expansion of Allego’s existing global network, services and technologies. Allego's charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a complete portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.

About Tamoil Italia

Tamoil Italia S.p.A., part of Oilinvest (Netherlands) B.V., an international operator in the downstream sector, is a lean and dynamic company that operates with highly efficient processes in the Italian oil downstream with the aim of developing its business in a profitable and sustainable way. Maintaining high standards of quality and convenience Tamoil focuses on the supply of finished products, on logistics and distribution through a network of about 1,500 service stations throughout Italy and on wholesale sales of both automotive fuels, destined to consumer market and petroleum marketers and jet fuel to supply the main Italian airports.

Forward-Looking Statements.

All statements other than statements of historical facts contained in this press release ("Press Release") are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan,," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," "target" or other similar expressions (or the negative versions of such words or phrases) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the benefits of the strategic agreement and expansion plans. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Allego’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Allego. These forward-looking statements are subject to several risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political, and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan being delayed or not occurring at all; (iv) risks related to political and macroeconomic uncertainty; (v) the risk that the operating and strategic initiatives described in the Press Release are delayed or do not occur at all; (vi) the risk that the benefits to Allego of the operating and strategic initiatives described in the Press Release are delayed, are less than anticipated or do not occur at all; and (vii) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego does not presently know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans, or forecasts of future events and views as of the date of this Press Release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego expressly disclaims any obligation to do so unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date after this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005610/en/

For Allego

Investors

investors@allego.eu

Media

allegoPR@icrinc.com

For Meridiam

FTI Consulting

meridiamsc@fticonsulting.com

For Spartan Acquisition Corp. III

Investors

info@spartanspacIII.com

Media

Communciations@apollo.com

Source: Allego Holding B.V.

FAQ

What is the significance of the Allego and Tamoil Italia partnership for SPAQ shareholders?

The partnership signifies Allego's expansion into the Italian market, potentially increasing its revenue and market presence, which is favorable for SPAQ shareholders.

How many charging sites will Allego develop with Tamoil Italia?

Allego will develop 11 charging locations, including ten ultra-fast and one fast-charging site.

What is the duration of the lease agreement for the charging locations in Italy?

The lease contract for the charging locations in Italy is for a 25-year term.

Why is Allego expanding its operations in Europe?

Allego is expanding in response to the growing demand for electric vehicle charging infrastructure across Europe.

When was Allego founded and how many charge points does it operate?

Allego was founded in 2013 and operates more than 28,000 charge points throughout Europe.