Cardiff-based Plug Charging has agreed terms to acquire the charging estate and associated customer contracts of EV infrastructure specialist Energy Park.
The move adds the strategically-located charging assets across North Wales, Surrey and Penzance to its growing national network.
It also marks Plug Charging’s third strategic acquisition in the last 12 months, following the integration of charging assets from Wattif and Pilot Group.
The three deals form part of the company’s buy-and-build strategy, which aims to “position Plug Charging as one of the UK’s fastest-growing independent charge point operators”, it said.
The new deal strengthens Plug Charging’s presence in North Wales, where public charging provision remains below national averages. It also expands the company’s reach into key locations across England.
Energy Park customers will transition onto the Plug Charging platform, with network management, proactive monitoring, and 24/7 driver support.
Alongside its growing commercial charging network, Plug Charging also delivers charging infrastructure projects through a number of national and regional procurement frameworks, creating a diversified platform spanning both asset ownership and infrastructure delivery.
Plug Charging said would “continue to evaluate further acquisition opportunities” alongside new deployments across public sector, fleet, destination and on-street charging.
Jarrad Morris, Founder and CEO of Plug Charging, said:
“This acquisition is about scale. The charging market remains fragmented, with many high-quality assets sitting within smaller networks. Our strategy is to bring those assets together under a single operating platform, improve performance and customer experience, and build a national network with the scale needed to succeed long term.
“Energy Park has developed an excellent portfolio of sites in strategically important locations and we’re excited to bring them into the Plug Charging network. This is our third acquisition in 12 months, and we continue to see significant opportunities across the market.
“North Wales is a particularly important market for us. EV adoption continues to grow rapidly, but charging infrastructure has not always kept pace. This acquisition strengthens our position in the region and supports our wider mission of delivering high-quality charging where it is needed most.”
Image courtesy of Plug Charging
