US-based Blink Charging Co. announced yesterday that it has acquired EB Charging, a UK-based provider of integrated EV charging and sustainable energy solutions.
This acquisition, valued at approximately $23.4m (c.£18.6m), marks Blink’s first entry into the UK.
Since 2015, EB Charging has grown rapidly, servicing over 80 customers – principally local authorities, NHS healthcare trusts, universities and fleets.
Like Blink, EB Charging offers an owner-operator model, providing customers with the opportunity to choose whether they want to own, partner with, or host their charging infrastructure.
Michael Farkas, founder and CEO of Blink Charging, said: “EB Charging is an established and well-known EV charging company with a proven track record of success.
“Blink will expand EB Charging’s product offerings to include new commercial and home chargers, new global network services and apps, and new EV fleet management tools.
“The acquisition will further solidify Blink’s goal of creating a seamless global experience for all EV charging customers.”
Alex Calnan, EB Charging managing director, added: “Blink’s experience, supply chain, and investment will enable us to install more charge ports, more quickly, serve more EV driving customers, and deliver on our commitment to customer excellence and innovation.
“Working with Blink, we can quickly and efficiently serve our current £12m orderbook, significantly growing the EV charger footprint in the UK. We are delighted to become part of the Blink family.”
As one of the first countries to commit to ban the sale of fossil fuel vehicles by 2030, the UK is a notable leader in the transition to electric transportation.
Last month, the UK heightened its commitment to increase the number of charge points tenfold to 300,000 by the end of the decade, alongside an announcement of a £1.6 billion strategy to increase public EV infrastructure.
Image credit: Blink Charging
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