Fri, 15 Nov 2024 | DIVISION SALE
Electric vehicle infrastructure firm Weev has bought a division of renewable energy business Everun.
Belfast-based Weev, launched in April 2022 by B4B Telecoms founder Thomas O’Hagan and Fibrus founder Dominic Kearns, has snapped up the public and workplace EV charging network and customer base of Everun, an energy management company specialising in renewable energy.
The deal will see Weev increase its network across both areas while also helping Everun’s ambitions to drive forward its own growth in the wind sector.
Weev provides EV chargers for use at home and at work as well as charging stations in locations such as sports clubs, shopping centres and Belfast City Airport. It also offers EV leasing services.
Philip Rainey, Weev chief executive said: "When the opportunity came up to acquire additional charging points and add to our ever-growing customer base, we jumped at it. Everun is a trailblazer in energy management solutions and with so much development across the UK for wind farms, it made sense for them to look at a right-fit partner they could carve off their charging point network to, allowing them to focus on their specialist sectors."
Michael Thompson, Everun MD, added: "While electric vehicle solutions has been a successful part of the Everun business for the past few years, we made a decision to focus our efforts on core competencies in onshore wind and energy engineering, and our ongoing expansion across Ireland and Scotland. This sector is primed for growth as the UK looks to meet its 2030 obligations on renewable energy sources.”
He added that the Weev brand was growing at a fast pace and was a perfect network for its EV assets and customer base to be incorporated into.
According to accountancy group UHY Hacker Young the number of electric vehicles provided to employees as company cars accelerated 76 per cent in 2023 compared with 2022. It said government tax incentives had helped drive the growth and that EVs can keep growing market share if they continue to be subsidised.
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