Kempower expands its service offering with new packaged solutions
Summary
- Kempower is expanding its service offering with new service packages based on maintenance agreements, aiming to transition from an equipment supplier to a total solutions provider.
- The company targets increased service revenue to strengthen long-term profitability, although the short-term earnings impact is expected to be minor.
- The new service packages will initially be available in the Nordics, Benelux, France, the UK, and North America, where Kempower has a significant market presence.
- Services accounted for approximately 5% of Kempower's revenue over the past 12 months, with a 37% year-on-year increase, primarily from ChargEye software and spare parts sales.
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Translation: Original published in Finnish on 10/23/2026 at 7:40 am EEST.
Kempower announced on Thursday that it is expanding its service offering with new service packages based on maintenance agreements. The launch is a logical step in the company’s strategy to evolve from a pure equipment supplier into a total solutions provider and to increase the role of aftermarket services. Growing service revenue is key to strengthening long-term profitability, even though the earnings impact will still be minor in the short term.
We see demand for services that ease customers’ operations – especially among retail chains, for which charging is not a core business. Profitability may be low in the early stages, before sufficient service customer density has been built in each region. In the first phase, the service packages will be available to Kempower’s customers in the Nordics, the Benelux countries, France, the UK, and North America, markets in which we estimate Kempower has a good share of equipment sales (close to 10% or more).
Over the past 12 months (Q3'25–Q2'26), services accounted for ~5% of Kempower’s revenue (up 37% year-on-year), consisting mainly of ChargEye software revenue and spare parts sales. The news prompts no forecast changes, but we will follow with interest how the launch affects service revenue growth going forward.
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