bp Plc agreed to acquire AMPLY Power, a provider of electric-vehicle charging services, in an expansion of its e-mobility business in the U.S.
Electrification is at the center of energy-transition plans for Europe’s oil majors. bp and Royal Dutch Shell Plc have bet on a growing take up of electric vehicles by investing in charging networks in the U.K. and Germany. Now bp is beefing up its EV offering in America to serve an expanding market there.
“AMPLY Power provides an ideal opportunity to build our EV business in the U.S.,” Richard Bartlett, senior vice president for bp’s Future Mobility and Solutions division, said in a statement, without disclosing financial terms.
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