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Shell Bulks Up EV Charging Network With Ubitricity Acquisition
- Ubitricity operates U.K.’s largest public charging network
- Deal gives oil giant Shell over 4,000 vehicle charging points
Electric vehicle charging at a Royal Dutch Shell Plc petrol filling station in Ewell, U.K.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Royal Dutch Shell Plc has agreed to buy Ubitricity, which operates the largest public electric vehicle charging network in the U.K., expanding its investments in the transition into cleaner fuels.
The deal will add over 4,000 public and private charging points to Shell’s portfolio in Europe, the continent’s largest oil company said in a statement Monday. It didn’t disclose the value of the acquisition.