Blink Charging Co. has announced that its wholly-owned European subsidiary, Blink Holdings BV, has acquired Electric Blue Ltd. (EB Charging), a provider of integrated EV charging and sustainable energy solutions based in the United Kingdom. This acquisition marks Blink’s first entry into the UK and adds more than 1,150 chargers, installed or committed for delivery, to its footprint, accelerating Blink’s global expansion, now present in more than 18 countries, the company says. The purchase price of this acquisition is up to approximately $23.4 million, in a combination of cash, stock and earn out.
Since 2015, EB Charging has grown rapidly, servicing over 80 customers, principally local authorities, NHS healthcare trusts, universities and fleets. EB Charging’s suite of Level 2 and DC fast products have been installed in over 40 municipalities across the UK. Like Blink, EB Charging offers an owner-operator model, providing customers and partners with flexible, personalized and strategic business opportunities to achieve customer goals whether they want to own, partner with, or host their charging infrastructure, Blink says.
The UK is one of the first countries to commit to ban the sale of fossil fuel vehicles by 2030. The UK recently heightened its commitment to increase the number of charge points tenfold to 300,000 by the end of the decade, alongside an announcement of a £1.6 billion strategy to increase public EV infrastructure.
