GRIDSERVE Acquired by Rivington Energy (Federated Hermes Ltd.)

Rivington Energy, an entity of global asset manager Federated Hermes Ltd., has acquired GRIDSERVE, a UK-based electric vehicle charging and sustainable energy business, for an undisclosed amount.

This corporate acquisition sees Rivington Energy taking ownership of GRIDSERVE, marking a significant investment in the rapidly expanding sustainable infrastructure sector.

GRIDSERVE operates as a technology-enabled business committed to making electric vehicle adoption easier through its extensive charging network.

The company’s mission focuses on delivering charging infrastructure at the speed and scale necessary to address climate change and support global temperature targets.

Its infrastructure includes High Power EV charging across the GRIDSERVE Electric Highway, featuring Electric Forecourts®, Electric Super Hubs on motorways, and Electric Retail Hubs at shopping destinations, all powered by net zero energy.

This strategic acquisition by Rivington Energy underscores its commitment to investing in critical green infrastructure.

GRIDSERVE’s established network and integrated "Sun to Wheel" approach, combining hybrid solar farms with charging solutions, align directly with the acquiring company's focus on sustainable energy assets.

The transaction is expected to provide GRIDSERVE with substantial backing to accelerate its expansion plans and further solidify its position in the UK’s EV charging market.

Synergies from this acquisition are anticipated to enhance both entities' capabilities.

Rivington Energy is poised to leverage GRIDSERVE's operational expertise and innovative technology in EV charging, while GRIDSERVE will benefit from the financial strength and strategic support of Federated Hermes Ltd.

through Rivington Energy. This aims to drive faster deployment of advanced EV charging solutions and sustainable energy generation.

The combined entity is expected to play an increasingly pivotal role in the UK’s transition to net zero, providing essential infrastructure to support the growing electric vehicle fleet and contributing to broader environmental objectives.