Community operator Blink Charging (Nasdaq: BLNK), by way of its wholly-owned European subsidiary, Blink Holdings BV, has acquired UK-based charging supplier Electrical Blue (aka EB Charging) for some $23.4 million. Blink is presently current in additional than 18 nations. This acquisition represents the corporate’s first entry into the UK market, and can add some 1,150 chargers to its fleet.
EB Charging operates each Stage 2 and DC quick chargers, and serves over 80 clients in 40 municipalities, principally native authorities, well being care services, universities and fleets. Like Blink, EB presents an owner-operator mannequin, permitting clients to personal, companion with or host their charging infrastructure.
“EB Charging is a longtime and well-known EV charging firm with a confirmed observe document of success,” mentioned Blink founder and CEO Michael Farkas. “Blink will broaden EB Charging’s product choices to incorporate new industrial and residential chargers, new world community companies and apps, and new EV fleet administration instruments. Blink and EB Charging have a shared mission to advance EV charging by way of strategic owner-operator fashions that present for higher flexibility and higher outcomes.”
“Blink’s expertise, provide chain and funding will allow us to put in extra cost ports, extra shortly, serve extra EV driving clients, and ship on our dedication to buyer excellence and innovation,” mentioned EB Charging Managing Director Alex Calnan. “Working with Blink, we will shortly and effectively serve our present £12-million order e book, considerably rising the EV charger footprint within the UK.”
Supply: Blink Charging
