An electric vehicle (EV) charging company which started life in an old Suffolk pig shed has been snapped up by an American firm.
EO Charging, based in Tomo Road, Stowmarket, will become part of a mega combined US entity of the same name valued at $675m (£487m).
Founder and chief executive Charlie Jardine is set to continue with the business — which will keep its headquarters in Suffolk. He described the acquisition by a US-listed SPAC — a shell corporation which is used to buy a company — called First Reserve Sustainable Growth Corporation (FRSG), as “great news”.
The company — founded in 2014 — was named as the fasting growing electric vehicle firm in the Financial Times’ list of Europe’s 1,000 fastest growing companies in March this year.
But it has humble beginnings. It started out as a diversification on the family farm — the Jardines are an entrepreneurial farming family based in Creeting St Peter.
The company is the first UK Based EV charging company to be listed publicly. Already it has deployed about 50,000 chargers in more than 35 countries and…
