UK electric vehicle (EV) charging network EB Charging has been acquired by Blink Charging in the US firm’s first move into the UK.
The acquisition was made through its wholly-owned subsidiary, Blink Holdings BV, for up to approximately US$23.4 million (£18.8 million), in a combination of cash, stock and earn out.
EB Charging has 1,150 chargers that are either installed or committed to delivery, with its customers largely being local authorities, NHS healthcare trusts, universities and fleets.
Blink Charging is now to work with EB Charging to establish Blink’s presence in the UK, while Blink is to expand EB’s product offerings to include new commercial and home chargers, new global network services and apps, and new fleet management tools.
EB Charging managing director Alex Calnan said: “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 £12 million orderbook, significantly growing the EV charger footprint in the UK.”
Blink Charging has deployed over 30,000 charging ports across 18 countries, with both Blink and EB offering an owner-operator model.