Ecotricity

Completed Date

2021-03-11

Sector

Industrials

Deal Type

Company sales

Value

Not disclosed

Company bio

Ecotricity is a green energy company which also operates the Electric Highway, a UK-wide electric vehicle charging network covering motorways and other strategic road networks.

Deal Summary

Opus is delighted to have advised Ecotricity in connection with its major new collaboration with GRIDSERVE, which will transform electric vehicle charging facilities on Britain's motorways and major roads.
The partnership with GRIDSERVE will help to accelerate the upgrade of Ecotricity’s Electric Highway charging network, firstly replacing all existing chargers with new technology and then adding a further 6 to 12 350kW high power chargers to locations. The upgrade will be funded by Hitachi Capital, a shareholder in GRIDSERVE. GRIDSERVE has also acquired a 25% stake in the Electric Highway.
This is an important development in the UK EV charging market and is Opus’ second major transaction in the sector having also advised ChargePoint Services on its sale to Engie.

Deal Contacts

Stuart Schofield

Joanna Chen

Malcolm Strang

Opus Corporate Finance is the exclusive British partner of Mergers Alliance

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