US company Blink Charging, an electric vehicle (EV) charging provider and operator, has announced the acquisition of UK operator EB Charging, which is based in St. Albans.
The acquisition adds to Blink’s existing international operations in more than 18 countries and will see EB Charging continuing under its current brand to deliver its current strategy, but at increased pace.
The move, which was welcomed by the company’s Board and founders, follows EB Charging’s Series A funding round, which saw expressions of interest from a range of UK and international companies and individuals.
EB operates around 1,100 charge points across the UK, principally for local authorities, NHS healthcare trusts, further education colleges, and for fleets, and is represented on many procurement frameworks.
“EB Charging is an established and well-known EV charging company with a proven track record of success, solidifying itself as an integral player supporting the transition to EVs across the UK,” said Michael Farkas, co-founder and CEO of Blink Charging.
“With a shared mission to advance EV charging through strategic owner-operator models that provide for greater flexibility and better outcomes, EB Charging was an ideal business to integrate under the Blink umbrella. We’re excited to have a significant presence in an important market through this acquisition and play an integral role in helping the UK to achieve its electrification goals.”
The companies expect close cooperation as a result of the acquisition with significant benefits for both, in particular from Blink’s experience, systems, supply chain and client base. Indeed, this will begin with EB Charging Co-founder and CEO Michael Farkas, Blink President Brendan Jones, and Blink Managing Director Europe Miko de Haan joining the EB Charging board as non-executive directors.
“Blink’s experience, supply chain and investment will enable us to install more charge points, more quickly, serve more EV driving customers and deliver on our commitment to customer excellence and innovation,” said EB Charging MD, Alex Calnan.
“Blink is a substantial business in the USA and has added tremendous value to its international acquisitions and partners. We are delighted to become part of the Blink family.”