UBITRICITY CHARGING NETWORK ACQUIRED BY SHELL

EV public chargepoint provider Ubitricity has been acquired by Anglo-Dutch oil major Shell. Terms of the deal have not been disclosed.

Lamp post charging network now part of Shell

Ubitricity is headquartered in Berlin, and is best known in the UK for charging points built into existing infrastructure, such as lamp posts. A minority share in the company was bought by technical partner Siemens in 2017, and this share has also been acquired by Shell. Siemens plans to maintain its partnership with Ubitricity, through Shell, and continue to service charging infrastructure across London boroughs, as well as work jointly on new projects if they arise.

READ: LPG PHASE-OUT CONTINUES AS SHELL ENDS AUTOGAS SUPPLY

This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market. Commenting, István Kapitány, Executive Vice President of Shell Global Mobility, said, “Working with local authorities, we want to support the growing number of Shell customers who want to switch to an EV by making it as convenient as possible for them”.

READ: TOTAL ACQUIRES LONDON CHARGING NETWORK

Shell is not the only oil company to invest in charging infrastructure. BP acquired Chargemaster in 2018 and Total acquired G2mobility in the same year and Source London, the capital’s largest charging network in 2020. .

The Shell deal is subject to all the usual regulatory approvals.

For the latest news and analysis from around the aftermarket, sign up to the CAT eNewsletter today

 

 

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

CAT Awards networking lunch 2022: Nominations open!

Nominate the best in the industry today

Read More

MOT EXTENSION LEAD TO GARAGES BORROWING FUNDS

A report from a London-based lender has found that funding requests from MOT stations are up by 35% compared with pre-pandemic levels

Read More

People News: Steve Padbury awarded NGK Sales Performer of the Year

Recently retired Padbury scoops prize for FY 2020

Read More

Supplier Update: Rossmore Lubricants to distribute Gulf range

Firm to become sole importer and distributor of the famous blue and orange brand throughout UK and Ireland

Read More

Supplier update: Trico in at Parts For Machines

New heavy machinery parts distributor secures supply contract with wiper firm

Read More

Go to comments

Your email address will not be published. Required fields are marked *