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Business & Economy

Consett’s Elmtronics looking to drive on after Mer Group takeover

A County Durham electric vehicle charging point company has pledged to provide “an even stronger offering” to customers after agreeing a takeover deal.

Consett’s Elmtronics has been acquired by Mer Group.

Bosses at Elmtronics say the tie-up leaves them “very excited” for its future.

Dan Martin, Elmtronics’ chief executive [pictured above], said: “We have been a key player in the industry since we were established in 2016 and this announcement will see us further strengthen that position.

“The UK electric vehicle charging landscape has never been in a stronger position.

“Government targets, combined with a real drive from organisations to accelerate their transition to electric vehicles, 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.”

Mer Group, which is owned by renewable energy producer Statkraft, expects the deal to be officially concluded later this month.

Kristoffer Thoner, Mer Group chief executive, said: “The acquisition is the very proof of our step-change ambitions to accelerate the electric vehicle transition in the UK.

“While Mer UK’s expertise and focus lies mostly in 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.”