Blink Charging Acquires Blue Corner, Expanding European EV Charging Footprint
- Acquisition adds 7,071 charging ports to Blink s portfolio across four countries in Western Europe
News provided by
Share this article
Share this article
MIAMI BEACH, Fla., May 11, 2021 /PRNewswire/ Blink Charging Co. (Nasdaq: BLNK, BLNKW) ( Blink or the Company ), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that it acquired the European EV charging operator Blue Corner N.V., based in Antwerp, Belgium, and its portfolio of 7,071 charging ports and a robust European charging network. The acquisition was made with a combination of cash and stock for €20 million (or approximately $24 million) and gives Blink complete operational control of Blue Corner and its EV charging assets. The acquisition is part of Blink s broader strategic international expansion plans and provides the Company a significant infrastructure footprint in th
Blink Charging Acquires Blue Corner; Expands European Footprint
May 11, 2021 at 9:32am ET ++ The acquisition adds 7,071 charging ports to Blink’s portfolio across four countries in Western Europe
Blink Charging today announced that it acquired the European EV charging operator Blue Corner N.V., based in Antwerp, Belgium, and its portfolio of 7,071 charging ports and robust European charging network. The acquisition was made with a combination of cash and stock of approximately $25 million (€21 million) and gives Blink Charging complete operational control of Blue Corner and its EV charging assets.
The acquisition is part of Blink’s broader strategic international expansion plans and provides the Company a significant infrastructure footprint in the region. Blue Corner chargers are located across Belgium, Luxembourg, the Netherlands, and France.
Blink Charging Co (BLNK) Q4 2020 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.