US company Blink buys EB Charging
Blink Charging, a leading US-based electric vehicle (EV) charging equipment and services provider, has announced the acquisition of UK-based EV charging provider EB Charging for $23.4 million.
The deal marks Blink’s first entry into the UK and adds more than 1,150 installed and committed chargers to its footprint. The acquisition accelerates Blink’s continued global expansion, with a presence now in more than 18 countries. EB Charging will continue under its current brand to deliver their existing strategy but at a significantly increased pace.
The move follows EB Charging’s Series A funding round that saw expressions of interest from diverse UK and international companies and individuals and is welcomed by the company’s Board and founders.
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 their current strategy but at increased pace.
“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.”
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.
The companies expect significant synergies to result from the acquisition, in particular from Blink’s experience, systems, supply chain and client base.
Michael D. Farkas, Blink Founder & CEO, Brendan Jones, Blink President and Miko de Haan, Blink Managing Director Europe will join the EB Charging board as non-executive directors.
EB Charging MD, Alex Calnan said: “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.
“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,” stated Calnan.
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