Chargemaster given go ahead for Elektromotive acquisition
The UK Competition and Markets Authority (CMA) has given clearance for Chargemaster to acquire Elektromotive and Charge Your Car Ltd this week.
The approval enables Chargemaster to complete the full purchase of Elektromotive, one of the first infrastructure suppliers in the country, and its subsidiary, Charge Your Car.
The agreement was announced last September and will see Chargemaster invest additional resources into the companies with a focus increasing its network of public chargers and enhancing maintenance and customer services.
Under the terms of the agreements, Elektromotive and Charge Your Car will continue to operate from their existing premises in Brighton, with Calvey Taylor Haw continuing his role as chief executive officer.
David Martell, chief executive of Chargemaster, said: “This is great news for the rapidly growing number of EV drivers in the UK. By integrating the Polar and Charge Your Car networks, we can provide more UK charging points, a number of new advanced features, and a better customer experience.”
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