The UK Competition and Markets Authority (CMA) has given clearance for Chargemaster to acquire Elektromotive and Charge Your Car.
The approval allows EV charging point supplier Chargemaster to complete the full purchase of Elektromotive, one of the first infrastructure suppliers in the country, and its subsidiary, Charge Your Car.
It marks a significant consolidation of the UK EV infrastructure market, including the supply of charging points and nationwide public charging networks.
The acquisition will see Chargemaster invest additional resources into Elektromotive and Charge Your Car. Focusing on increasing its network of public chargers and enhancing maintenance and customer services, the move helps 90,000 EV drivers stay mobile across the UK.
Chargemaster will integrate its public charging network, Polar, with the Charge Your Car networks.
David Martell, chief executive of Chargemaster, said: “This is great news for the rapidly growing number of EV drivers in the UK.
"By integrating the Polart and Charge Your Car networks, we can provide more UK charging points, a number of new advanced features, and a better customer experience.
"Polar plus membership gives every EV motorist access to more than 5,000 charge points nationwide, with around 90% of them completely free to use.
"We are committed to keeping the costs of charging low to support the industry as we transition into a new era of motoring.”