Chargemaster acquires GB Electrical to expand its charging point installation services
Chargemaster, the UK’s largest supplier and operator of electric vehicle charging points, has acquired GB Electrical, a specialist national contractor that has expanded into the installation of charging points across the country over the past two years.
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.
The acquisition allows Chargemaster to offer its customers a unique, value-for-money, end-to-end proposition together with the highest level of service quality.
Chargemaster is the only charge point supplier that controls the value chain from charge point design to the installation and commissioning of the units. It designs, develops, manufactures (through its manufacturing plant in Luton Airport) and now carries out installation in-house of its charging points. From start to finish, the quality processes are controlled to ensure the customer has a unified service.
David Martell, Chief Executive of Chargemaster, commented: “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. As the leading provider of charging equipment in the UK (with an estimated 60% UK market share), rapid growth is expected.
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.
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About Chargemaster
Chargemaster Plc is the UK’s leading provider of electric vehicle charging infrastructure. Benefitting from over 25 years of experience working within the telematics and vehicle-orientated industry, Chargemaster provides a comprehensive, flexible and practical range of electric vehicle charging solutions. Its charging stations are specially developed to accommodate new technological advances and the growing demands of the electric vehicle industry. Chargemaster works in partnership with leading energy providers, vehicle manufacturers, government agencies, management consultancies and property development and blue chip companies. Chargemaster is the largest UK supplier of public and workplace charging units in the UK and has supplied over 10,000 charge points across Europe. The company operates its own manufacturing facility at Luton Airport which is currently producing over 2,000 charging units a month and operates to ISO9001 quality standards.
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