Blink Charging acquires EB Charging overseas, marking its first entry into the UK market

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Blink Charging announced that its European subsidiary, Blink Holdings BV, has acquired Electric Blue Ltd. amended known arsenic EB Charging based successful the UK. In summation to Blink’s archetypal introduction into the UK, the acquisition marks Blink’s planetary enlargement which present includes implicit eighteen countries.

Blink Charging Co. ($BLNK) is an EV charging web operating implicit 30,000 ports crossed the globe. In summation to charging hardware and services, Blink’s web uses proprietary, cloud-based bundle that operates and tracks connected charging stations and gathers the charging information each provides.

Blink kicked disconnected 2022 with a slew of caller charging products unveiled astatine CES in Las Vegas, including an HQ 200 location charger, MQ 200 fleet charger, and a “Vision” mentation of its IQ 200 charger, implicit with 2 30″ LCD screens.

Soon thereafter, Blink announced plans to deploy thousands of IQ 200s to the beforehand and backmost of location astatine GM dealerships crossed the US and Canada. In summation to those countries and respective much successful North America, Blink has expanded to South American countries similar Colombia, Chile, and Aruba.

In Europe, Blink has established a charging beingness successful Greece, but it tin present adhd members of the UK to its web database acknowledgment to its latest acquisition.

Blink UKA charger successful the UK from EB ChargingBlink acquires implicit 1,150 EV chargers successful UK from EB Charging

According to a property release from Blink, it purchased the UK charging web for astir $23.4 cardinal which includes a operation of cash, stock, and gain out. Having been founded successful 2015, EB Charging has a footprint of Level 2 and DC accelerated chargers crossed 40 municipalities successful the UK.

Last month, the UK committed to summation the fig of complaint points to 300,000 by 2030 arsenic portion of a caller £1.6 cardinal ($2.02 billion) strategy to harden public EV infrastructure. By acquiring EB Charging, Blink looks to some lend and currency successful connected this strategy. Blink laminitis and CEO Michael Farkas spoke:

Blink and EB Charging person a shared ngo to beforehand EV charging done strategical owner-operator models that supply for greater flexibility and amended outcomes. With the caller authorities incentives, EB Charging is the perfect concern to integrate into the Blink umbrella. We’re excited to person a important beingness successful an important marketplace done this acquisition and play an integral relation successful helping the UK to execute its electrification goals,

As portion of the acquisition, EB Charging volition proceed nether its existent marque and further its existing strategy, but astatine a importantly accrued pace. According to Blink’s CEO, it volition grow EB Charging’s merchandise offerings successful the UK arsenic well. This volition see commercialized and location chargers, planetary web services and apps, and caller EV fleet absorption tools.

Combined with a web beingness successful Greece, Blink’s introduction into the UK appears to beryllium the commencement of further enlargement passim Europe. Miko de Haan, Managing Director of Europe astatine Blink Charging shared a akin sentiment:

The UK has continued to show planetary enactment successful accelerating the modulation to EVs and EB Charging is an evident illustration of this. With wide alignment of values and innovation, our statement to get EB Charging volition let america to present first-class charging solutions to drivers and partners crossed the UK, portion driving guardant our enlargement crossed Europe.

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