European electric vehicle (EV) charging company Mer has acquired Elmtronics for an undisclosed sum.
The acquisition will strengthen Mer’s presence in the UK market and expand its expertise from mostly concentrating on public fast charging to fleet and workplace charging.
The acquisition is pending approval of customary authorities, which is expected to conclude late January 2022.
Elmtronics will start rebranding to Mer before the end of March.
Kristoffer Thoner, Mer Group chief executive, said the combination of both companies will give Mer a significantly stronger position in the UK market.
He said: “Mer and Elmtronics will bring economies of scale into the development of EV charging solutions providing better value to existing and new customers.”
Anthony Hinde, Mer UK managing director, said having Mer’s international credentials and financial strength would help the Elmtronics business grow rapidly in the UK.
Dan Martin, Elmtronics chief executive, added: “The UK EV 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.”