European EV charging company Mer has expanded its UK business with the acquisition of Elmtronics.
The acquisition is subject to approval by the competition authorities and is expected to conclude by the end of this month. Elmtronics will begin rebranding to Mer during the first quarter of this year.
Kristoffer Thoner, CEO of Mer Group commented: “While Mer UK’s expertise and focus lies mostly within the area of public fast charging, Elmtronics mainly focuses on fleet and workplace charging. In combination, these efforts will give Mer a significant stronger position in the UK market. I look forward to working with our new colleagues and the rest of the organization to make sustainable electric mobility easy and accessible to everyone.”
“Elmtronics has been a key player in the industry since the company was established in 2016 and today’s announcement will see us further strengthen that position by joining the Mer family,” said CEO of Elmtronics, Dan Martin.
“The UK electric vehicle charging landscape has never been in a stronger position. Government targets, combined with a real drive from organisations to accelerate their transition to electric vehicles, are supporting the rapid growth of the industry. Both companies share the same vision and collectively we can provide an even stronger offering and service to customers throughout the UK. We are very excited at what 2022 will bring.”
Mer and Elmtronics said they were able to bring economies of scale into the development of EV charging solutions which would provide better value to existing and new customers.
“We are delighted to welcome Elmtronics to Mer,” said Anthony Hinde, Mer UK managing director. “I look forward to working together to provide trusted and reliable EV charging solutions. Elmtronics has an excellent and deserved reputation in fleet and workplace charging solutions. Their dynamic company has excelled in recent years. By combining their expertise and experience with Mer’s international credentials and financial strength, we are able to grow rapidly in this sector, greatly assisting the UK in its fleet transition to a low carbon future.”