Twitter LinkedIn
    Friday, January 27
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers and acquisitions»Shell to acquire UK’s largest electric vehicle charging network
    Mergers and acquisitions

    Shell to acquire UK’s largest electric vehicle charging network

    January 25, 2021Updated:January 25, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Royal Dutch Shell said on Monday it was acquiring the owner of the UK’s largest public electric vehicle charging network, ubitricity, for an undisclosed amount.

    The deal for the company that has over 2,700 on-street charge points in the country is expected to be completed late this year.

    Electric vehicle sales are set to continue to soar in 2021, industry analysts and car distributors have said, as more models are brought to the market and governments push for use of cleaner energy to achieve climate goals.

    The European Commission has already outlined here plans to further tighten car CO2 limits as part of its proposal for a tougher 2030 EU climate goal.

    “This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer,” Shell said in a statement.

    The oil giant is aiming to become a net-zero emissions energy business by 2050 or sooner.

     

    Source: Reuters

     

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions deals and transactions Mergers and acquisitions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Blackstone commits up to $359m to acquire majority stake in R Systems

    November 17, 2022

    Centerbridge and Bridgeport complete $1.6B CSI acquisition

    November 17, 2022

    Comments are closed.

    Other Articles

    Carlyle emerges as sole bidder to take over Mphasis from Blackstone

    February 25, 2021

    Hack VC launches USD200m crypto seed fund

    February 28, 2022

    Blackstone may prefer Milestone sale

    March 16, 2021

    Abingworth raises USD582m for new Clinical Co-Development Fund, ACCD 2

    May 10, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?