Derbyshire electric vehicle equipment firm sold to listed company

Chesterfield-based ChargedEV, which supplies and installs electric vehicle (EV) equipment, has been bought by listed Redde Northgate.

This deal will provide Redde Northgate with a platform to expand its own EV fleet and its customers’ EV fleets evolve.

ChargedEV operates nationally, taking orders from customers for an EV charging point and then delivering the installation via one of its own trained electrical installers or via a network of approved third party installers. It employs around 20 people.

Martin Ward, CEO Redde Northgate, said: “As leaders and businesses across the globe seek to tackle the world’s growing environmental challenges, we too are working hard to position the Group to provide responsible and sustainable solutions for our customers and stakeholders. We are delighted to have completed the acquisition of ChargedEV, which in line with this strategic objective, places us at the forefront of the transition to EV in our markets as both our own and our customers’ fleets evolve. I’d like to welcome the ChargedEV team to Redde Northgate and look forward to developing this important area of the business.”