US electric car start-up Mullen continues on the path of acquisitions. After taking the majority stake in Bollinger Motors this summer, the company is now looking into taking over Electric Last Mile Solutions (ELMS).
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Finnish energy group Fortum, which acquired Plugsurfing more than four years ago, has sold the Berlin-based business to Fleetcor Technologies, a US business payment service. According to Fortum, the purchase price is around €75 million.
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BorgWarner continues to broaden the e-mobility portfolio. The US company announced that it has acquired Rhombus Energy Solutions. Rhombus offers V2G and Underwriters Laboratory-certified charging and counts Proterra among its clients, alongside charging and grid service providers.
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Electric truck maker Nikola has agreed to acquire Romeo Power, thus taking battery development and manufacturing in-house. The agreement is definitive. Romeo specialises in batteries for commercial EVs, and their Cypress factory will become Nikola’s Battery Center of Excellence.
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LG Electronics has acquired AppleMango, an EV charger manufacturer from South Korea, together with GS Energy and GS Neotek. LG says the acquisition will help it create “fully-featured charging stations” and integrate the existing charging management system developed in-house.
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The Dortmund-based charging infrastructure manufacturer Compleo has confirmed that it is negotiating the takeover of innogy eMobility Solutions GmbH with E.On. Officially, a letter of intent for the acquisition of 100 per cent of the shares has already been concluded.
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The French utility company ENGIE has purchased the British EV public charging network operator ChargePoint Services (CPS), who owns and operates the GeniePoint charging network in the UK.
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The Saab successor company NEVS (National Electric Vehicle Sweden) is taking over the British wheel hub motor specialist Protean Electric. NEVS intends to use the ProteanDrive electric drive technology in future electric cars.
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