Green Automotive (GACR), a US-based importer and distributor of Eco-friendly vehicles, has acquired UK-based Liberty Electric Cars for $17m in an all-stock deal.
The combined company will now have operations in North America, Europe and Australasia and will continue to expand through a combination of organic growth and targeted acquisitions.
It will create EV technology development and retail business across the globe.
Green Automotive president Fred Luke said that the acquisition, which will accelerate the company's growth as the Liberty management team has EV technology that would have take it another year or longer to develop.
"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."
