Chargemaster has acquired GB Electrical, a specialist national contractor that has expanded into the installation of charging points.
GB Electrical employs approximately 70 specialist staff nationwide and this will grow following the acquisition, in line with the expansion of the electric vehicle charging point market. It has vast experience in installing anything from domestic installations to multi standard rapid chargers.
To date, Chargemaster has used a number of external subcontractors for its installation work and this move will enable it to increase its capacity and quality of installation service through GB Electrical to accommodate the growing market.
Chargemaster designs, develops, manufactures (through its manufacturing plant in Luton Airport) and now carries out installation in-house of its charging points.
David Martell, chief executive of Chargemaster, 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.
He concluded: “We can now focus on growing our geographical scope to ensure that every customer gets the best possible service by using us.”
Over the last year the market for electric vehicles has grown very significantly and Chargemaster sales have more than doubled. The electric vehicle charging market is expected to continue to grow strongly to match these increasing car sales.
Chargemaster’s customers include BMW, Mercedes Benz, Tesla, Mitsubishi, Renault, Nissan and supermarkets such as Waitrose and ASDA and over 30 local authorities as well as central government.