Car Charging Group Inc. has acquired Beam Charging LLC. The deal was closed Feb. 28.
Financial terms of the transaction were not disclosed.
Beam provides electric vehicle (EV) charging services in the New York City metro area. Together, CarCharging and Beam operate the majority of all EV charging points throughout New York City.
The acquisition of Beam will provide CarCharging with over 400 additional parking garages under contract in New York City, and the combined entity is positioned to provide the largest EV charging infrastructure to EV drivers in New York and beyond.
In addition to CarCharging’s nationwide network of EV charging stations, CarCharging and Beam overlap in areas, such as Boston, Massachusetts and Washington, D.C., and are now jointly expanding into Philadelphia, Pennsylvania.
Following the close of the acquisition, Joseph Turquie, former CEO of Beam, becomes chief marketing officer of CarCharging.
Turquie will be based in New York, and will contribute to CarCharging’s European operations.
