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UK: Green Automotive buys U.K. electric car company

Newport Beach-based Green Automotive Co. has closed its acquisition of Liberty Electric Cars Ltd., a U.K.-based company that makes technology used in electric vehicles.
Terms of the deal weren’t disclosed.
Green Automotive said the combined businesses will now have operations in North America, Europe and Australasia and will continue to expand through organic growth and targeted acquisitions.
“We’re delighted to have closed this acquisition, which I believe will accelerate our growth as the Liberty management team has state-of-the-art EV technology that would have take us another year or longer to develop,” Green Automotive President Fred Luke said in a statement.
“What they’ve achieved in Europe has been quite remarkable and we expect their combination of technical excellence and industry knowledge to help give us an edge in this fast growing business,” Luke said. “In particular, access to their expertise in conversion programs will help to accelerate our plans to have pure electric buses, shuttles and limos on the road in the very near future.”


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