NEWPORT BEACH, CA – Green Automotive Company announced July 23 it has closed the acquisition of Liberty Electric Cars Ltd. following its June 29th announcement of the signing of a definitive agreement to acquire the Liberty business.
The combined businesses will now have operations in North America, Europe, and Australasia and will continue to expand through a combination of organic growth and targeted acquisitions.
Commenting on the acquisition, Fred Luke, president of Green Automotive, said: “We’re delighted to have closed this acquisition, which I believe will accelerate our growth as the Liberty management team has state-of-the-art EV technology that would have taken us 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. 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.”
“This is an exciting opportunity for us to bring our class-leading technology to the biggest market place in the world, and we’re keen to help Fred and his team make this happen,” said Ian Hobday, managing director of Liberty. “We’ve got some incredible products in the pipeline which will really appeal stateside and we can’t wait to see them on American roads.”
Green Automotive Company is presently planning to bring all-electric and other eco-friendly vehicles into the United States market through a combination of converting piston-engine vehicles and importing existing EVs. The company is currently involved in assessing a number of all-electric and alternative-fuel vehicles, including an all-electric intra-city and municipal mass transit bus and school bus, for introduction to the U.S. market.