Shell Buys Electric-Vehicle Charging Provider NewMotion
October 12 2017 - 8:31AM
Dow Jones News
By Ian Walker
Royal Dutch Shell PLC (RDSB.LN) said Thursday that it is buying
electric-vehicle charging provider NewMotion for an undisclosed
sum.
NewMotion operates more than 30,000 private electric charge
points for homes and businesses in the Netherlands, Germany, France
and the U.K. It also provides access to a network of more than
50,000 public charge points across 25 European countries, serving
more than 100,000 registered charge cards.
Shell said that NewMotion will continue business as part of the
enlarged group, and that both companies will work together to
maximize the synergies and opportunities on offer.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
October 12, 2017 08:16 ET (12:16 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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