CCS consults on commitments for SP Mobility–ChargEco acquisition

The conditions cover HDB carpark EV chargers in the East region.

The Competition and Consumer Commission of Singapore (CCS) is inviting public feedback until 13 April on commitments proposed by SP Mobility Pte. Ltd. (SPM) in relation to its planned acquisition of Strides YTL Pte. Ltd. (ChargEco).

The authority said feedback from an earlier consultation indicated that the transaction could raise competition issues, according to a press release on 30 March.

Both parties operate electric vehicle charging points (EVCPs) in Housing Development Board (HDB) carparks in the East region.

The companies were previously awarded contracts for EVCP deployment under a large-scale tender in November 2022 and competed against each other before the proposed transaction.

To address these concerns, SPM has proposed commitments covering EVCPs in the East region awarded under the tender, such as maintaining charging prices at or below pre-transaction levels.

The company also proposed that discounts or rebates will not be applied in a discriminatory manner based on users charging in the region.

The commitments would last for three years from the date of CCS’s final decision on the proposed transaction.

The CCS reserves the right to request that the group appoint a monitoring trustee if it suspects non-compliance with the proposed commitments.

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Competition and Consumer Commission of Singapore

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