Mevo expands into Hamilton with Loop takeover

Mevo expands into Hamilton with Loop takeover
© RNZ / Alison Ballance
Mevo is expanding through the takeover of a Hamilton company.
The Wellington-based car share company, which fuel retailer Z Energy owns 31 percent of, is to buy Hamilton-based car share company Loop for an undisclosed sum.
Mevo has also reached a $30 million vehicle supply agreement with the Ebbett Group, which also owns Loop.
"The vehicle supply agreement with Ebbett and the Loop acquisition will play a large part in the next phase of Mevo's explosive growth and support expansion in Wellington," Mevo chief executive and founder Erik Zydervelt said.
"This is also a key milestone ahead of Mevo's entry into Auckland and Hamilton later this year."

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