Investment in

Radius has taken an exciting step into electric vehicle charging

- Growth deal

- November 2020

- Value: Undisclosed

Collaboration with Aeternus BV through M&A Worldwide

Added expertise in expanding across international markets

23 offices in more than 15 countries worldwide

Client Background

Radius 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

Radius has taken an exciting step into electric vehicle charging

The Outcome

This deal is an excellent example of cross-border collaboration that Rickitt Mitchell is proud to have been part of alongside Aeternus BV through M&A WORLDWIDE.

By taking a strategic stake in Chargepoint Europe B.V. Radius has taken an exciting step into electric vehicle charging and the world of e-mobility. This is becoming an increasingly important sector and Radius now has a strong position right at the heart of Europe. 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.”

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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.”

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