Car Charging, a provider of electric vehicle (EV) charging services, has acquired the US-based Beam Charging (Beam) for an undisclosed amount.
With the acquisition, the company expects to further expand and strengthen its presence in the New York EV charging market.
Under the transaction, former Beam CEO Joseph Turquie has become the chief marketing officer of CarCharging and will contribute to company's European operations.
Turquie said, "We are confident that by merging the companies, we will be able to expand our operations throughout the state, as well as grow the overall market."
Both the companies use EV charging stations produced by ChargePoint that offer 240 volts with 32amps of power to recharge an EV's battery.
The companies control most of the EV charging points in New York and have existing agreements with Central Parking, Icon Parking and Simon Properties.
