Radius Payment Solutions takes stake in Chargepoint Europe BV
Crewe-based Radius Payment Solutions has announced its investment in Netherlands-based Chargepoint Europe BV
Details of the transaction have not been revealed but Radius said it would combine its sales and marketing expertise with Chargepoint’s range of charging units, accelerating growth of the network into new markets and advancing the technology.
Based in Zevenaar near Arnhem, Chargepoint has developed a wide range of high-speed commercial units, currently used by customers including major hotel chains, commercial property companies, car sharing companies, universities and local government.
It’s the latest new business move for Radius, which was founded by CEO Bill Holmes as a fuel card company in 1990 but now provides an array of products and services including telematics, telecoms and insurance, boosted by a number of recent acquisitions. These include business telecoms provider Reliance Network as well as telematics firm Sure-Trak and Key Telematics, expanding its telematics work, while it also acquired commercial insurance broker The Burley Group last year. Radius now offers a wide package of products and services for fleet operators and has 23 offices in more than 15 countries worldwide.
Commenting on the firm’s move into electric vehicle charging, Bill Holmes commented: “This is a really exciting step for Radius into the world of e-mobility, which is becoming an increasingly important sector. As the sales of electric vehicles continue to accelerate over the decade ahead there is going to be a huge demand for charging units and network access. This acquisition will give Radius a strong position right at the heart of Europe. Chargepoint has a great team and we look forward to partnering with them to accelerate growth, as well as investing in further technological developments over the forthcoming years.”
Hans Loohuis, managing director of Chargepoint Europe, added: “Radius adds unique expertise in expanding across international business markets. As we are entering the next growth phase across different countries, this will enable us to set the pace in providing smart charging solutions to meet the needs of a broader range of clients.”
Speaking on the partnership with Rickitt Mitchell, Gavin Jones, Head of M&A at Radius Payment Solutions Limited, said: “Rickitt Mitchell through M&A Worldwide have played a significant role in supporting our international acquisition strategy, demonstrating deep sector knowledge, excellent local connectivity and an impressive global reach. Their hands-on approach and pragmatic advice make them a pleasure to work with and I’d highly recommend their services for cross-border mandates.”
