Mer acquires Elmtronics to accelerate transition to EVs

European electric vehicle (EV) charging company, Mer, has acquired Elmtronics to help accelerate the transition to electric vehicles (EVs) in the UK.

Mer, owned by the European renewable energy producer Statkraft, said it combines expertise from the EV charging industry and renewable energy sector.

The deal aims to bring economies of scale into the development of EV charging solutions to help provide better value to customers, it said.

Kristoffer Thoner, chief executive officer at Mer Group, said: “The acquisition of Elmtronics is the very proof of Mer’s step-change ambitions to accelerate the EV transition in the UK. While Mer UK’s expertise and focus lies mostly within the area of public fast charging, Elmtronics mainly focuses on fleet and workplace charging.

"In combination, these efforts will give Mer a significant stronger position in the UK market. I look forward to working with our new colleagues and the rest of the organization to make sustainable electric mobility easy and accessible to everyone.”

The acquisition is pending approval of customary authorities, which is expected to conclude late January 2022.

Dan Martin, CEO at Elmtronics, said: “Elmtronics has been a key player in the industry since the company was established in 2016 and today’s announcement will see us further strengthen that position by joining the Mer family.

“The UK EV charging landscape has never been in a stronger position. Government targets, combined with a real drive from organisations to accelerate their transition to EVs, are supporting the rapid growth of the industry.

“Both companies share the same vision and collectively we can provide an even stronger offering and service to customers throughout the UK. We are very excited at what 2022 will bring.”

Elmtronics will start rebranding to Mer during the first quarter of this year.