The subsidiary of AS Bercman Technologies (hereinafter “Bercman”), Bercman Energy OÜ, has established a subsidiary and a joint venture as part of its plans to expand into additional international markets.
To strengthen the supply of electric vehicle fast-charging solutions in Southern Europe, Bercman Energy has founded a wholly owned subsidiary in Spain – Bercman Energy Spain, S.L. To support the company’s interests in the Middle East and North Africa region, a joint venture has been established in Qatar – Bercman For Electrical Installation and Services, L.L.C. The company was founded together with a local partner, JMJ Ventures for Administrative Consultations, owned by JMJ Group Holding (hereinafter “JMJ”), which holds a 51% ownership stake, while Bercman Energy holds 49% of the joint venture.
JMJ Group Holding is a Qatar-based business group with activities in energy-related projects, real estate and hospitality, as well as industrial and technical services. JMJ provides the joint venture with local market expertise, regulatory know-how and operational support.
Mart Suurkask, Member of the Management Board of Bercman: “The sales of Bercman Energy fast chargers have gained momentum this year, and the chargers have been well received by customers. While our active sales efforts in Europe continue, we have already begun moving into the next phase of the company’s development, focusing on international expansion and the establishment of regional sales and support networks.”
Both Spain and Qatar are focus markets for Bercman Energy, and the creation of the new legal entities forms an integral part of the company’s expansion strategy. As of the publication of this announcement, economic activity has not yet commenced in the established entities; however, preparatory business-supporting activities are underway in both markets.
In Spain, Bercman Energy has completed an integration test of its fast chargers with one of the region’s largest public charging network operators. In Qatar, the company has delivered its first 60 kW fast charger, which has been installed in the indoor car park of the OQ Hotel in Doha.
Preparatory work for launching commercial operations continues, with primary focus on establishing partnerships and developing a local reseller network.
Bercman, founded in 2016, is a technology company listed on Nasdaq First North, specialising in development services, the creation of proprietary products, and the provision of comprehensive technology systems. The Bercman consolidation group comprises the parent company, AS Bercman Technologies, and its subsidiaries, Bercman Energy OÜ and Krakul OÜ.
For further information, please contact:
Mart Suurkask
AS Bercman Technologies
Member of the Board
+372 5340 2902
mart.suurkask@bercman.com