Redde Northgate PLC Acquisition of ChargedEV
13 Julho 2021 - 3:00AM
RNS Non-Regulatory
TIDMREDD
Redde Northgate PLC
13 July 2021
13 July 2021
REDDE NORTHGATE PLC
("Redde Northgate" or the "Group" or the "Company")
Acquisition of Charged Electric Vehicles Limited
Expertise supports Group's EV transition and ESG objectives
Redde Northgate plc (LSE:REDD), the leading integrated mobility
solutions platform providing services across the vehicle lifecycle,
is pleased to announce that on 9 July 2021 the Group completed the
acquisition of Charged Electric Vehicles Limited ('ChargedEV'), a
specialist in the supply and installation of Electric Vehicle (EV)
charging equipment across the UK.
This strategically significant acquisition provides the Group
with a platform to expand its offerings in this important and
growing area as both its own EV fleet and its customers' EV fleets
evolve. It will also support the Group in its environmental goals
and be integral to its overall programme around EV transition and
reducing carbon emissions.
ChargedEV operates nationally, taking orders from customers for
an EV charging point and then delivering the installation via one
of its own trained electrical installers or via a network of
approved third party installers . With a team today of around 20 EV
experts, it is expected to expand over time as the EV transition
gathers pace. Customers come to ChargedEV either direct via its
website or via third party partners who see the benefit from
working with a leading installer with excellent service and
expertise.
The addition of ChargedEV to the Group complements the work
already undertaken to position Redde Northgate to support our
customers' transition from internal combustion engines (ICE) to
EVs. With the acquisition, the Group now has an experienced team
that can offer a turnkey solution on EVs and EV charging. This
development, and the growing EV composition in the fleet, is part
of a wider strategic aim to ensure that Redde Northgate is at the
forefront of this transition which will grow over time. More
widely, the Group now has over 300 fully trained technicians across
the Group who are certified to work on EVs, with the majority of
the wider team also trained on EV awareness and plans to enhance
the Group's workshop and bodyshop capacity in this area over
time.
Commenting on the acquisition, Martin Ward, CEO Redde Northgate,
said:
"As leaders and businesses across the globe seek to tackle the
world's growing environmental challenges, we too are working hard
to position the Group to provide responsible and sustainable
solutions for our customers and stakeholders. We are delighted to
have completed the acquisition of ChargedEV, which in line with
this strategic objective, places us at the forefront of the
transition to EV in our markets as both our own and our customers'
fleets evolve. I'd like to welcome the ChargedEV team to Redde
Northgate and look forward to developing this important area of the
business."
Further information on ChargedEV can be found at
www.chargedev.co.uk
-Ends -
For further information contact:
Buchanan
David Rydell/Jamie Hooper/Tilly Abraham +44 (0) 207 466 5000
Notes to Editors:
Redde Northgate is the leading integrated mobility solutions
platform providing services across the vehicle lifecycle. The
Company offers integrated mobility solutions to businesses, fleet
operators, insurers, OEMs and other customers across six key areas:
vehicle rental, vehicle disposal, vehicle ancillary services,
repairs, accident management and vehicle data.
The Company's core purpose is to keep its customers mobile,
whether through meeting their regular mobility needs or by
servicing and supporting them when unforeseen events occur. With
its considerable scale and reach, Redde Northgate's mission is to
offer a market-leading customer proposition and drive enhanced
returns for shareholders by creating value through sustainable
compounding growth. The Group aims to achieve this through the
delivery of its strategic framework of Focus, Drive and
Broaden.
Redde Northgate services its customers through a network and
diversified fleet of over 110,000 owned and leased vehicles,
supporting over 500,000 managed vehicles, with more than 170
workshop, body shop and rental locations across the UK, Ireland and
Spain and a specialist team of over 6,000 automotive services
professionals.
For further information please visit the Company's website:
www.reddenorthgate.com
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END
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