EDF, Siemens and Honda scored exits as the EV charging services provider was bought by Shell for an undisclosed sum.
Oil and gas provider Shell paid an undisclosed amount on Monday to acquire Germany-based electric vehicle (EV) charging network Ubitricity, allowing corporate investors EDF, Honda and Siemens to exit.
Ubitricity operates the largest EV charging network in the UK in addition to substantial networks in Germany and France, integrating its systems into existing objects like lampposts or bollards in order to make them more accessible.
The deal is intended to boost Shell’s own charging service, which currently spans some 430…
