Some consolidation is happening in the charging point market

A 70-strong business headquartered in Hereford has been acquired by a manufacturer of charging points for electric vehicles.

GB Electrical, which installs electric vehicle charging points across the country, has been bought by Chargemaster, a Luton-based business that designs, develops and manufactures the equipment.

To date, the company has used a number of external subcontractors for its installation work and this acquisition will enable it to increase its capacity and quality of installation service.

Chargemaster chief executive David Martell said: “We are delighted to be able to offer our customers a seamless end-to-end service. GB Electrical has many years’ experience in the EV market and offer a national footprint enabling us to provide the highest level of service while offering customers unrivalled value for money.”

Terry Pickering, managing director of GB Electrical, added: “We have been working with Chargemaster for some years now and, as market leader, we have been impressed with the reliability of their equipment and the ease of installation.

“This deal means we can benefit from being part of a leading UK firm, both financially and from an administrative point of view. We’ve been impressed with the help and commitment by sales and back office staff, and I’m excited that my entire workforce has a guaranteed future with the company due to its unique market position.”

The financial value of the deal was undisclosed.