ENGIE has acquired ChargePoint Services Ltd (CPS), a UK provider of integrated EV charging solutions, and owner and operator of the nationwide pay-as-you-go EV charging network, GeniePoint.

"The acquisition supports ENGIE’s strategic ambitions to be a leader in zero-carbon transition and help tackle air quality in cities," ENGIE said

The acquisition, "establishes ENGIE as a major infrastructure EV company in the UK, with the full range of EV charging capabilities required to support local authorities, businesses and home-owners," ENGIE said

"CPS already works with around 30 local authorities on charging point infrastructure and has also supplied workplace charging solutions for blue-chip organisations such as Microsoft and Siemens. The acquisition supports ENGIE’s ambition to be a leader in green mobility and establishes ENGIE as a major player in the UK EV market across public authorities, the workplace and the home," ENGIE said

"Complimenting ENGIE’s existing EV capabilities, CPS brings 20,000 GeniePoint network customers and a cloud-based data and control platform. This will create a combined public rapid charging network of over 400 stations (typically capable of charging cars in less than an hour), and a further fast network in excess of 500 stations by the end of 2019," ENGIE said

ENGIE’s UK & Ireland CEO Nicola Lovett said: "The provision of green mobility solutions is a key part of ENGIE’s wider strategy to help tackle air quality in cities and be a leader in the transition to a zero-carbon economy. Acquiring CPS is an important step in scaling up our ambitions in the EV market, complementing our existing energy supply activities and our partnerships with local authorities and businesses."

Tags:
ENGIE   M&A   EVs  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Head-of-Retail-Operations -- Wholesale Supplier/Trader -- Other
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
Shell Acquiring 250,000 Customers From U.K. Supplier;' Octopus Acquiring 580,000 Customers
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
NRG To Trim Costs, Reviews Retail Pricing Structure After Direct Energy Acquisition '
PSEG to Acquire 25% Ownership Interest in Ocean Wind