Thursday, January 28, 2021

Leeds EV firm acquired by Virgin Media owner

Liberty Global, the owner of Virgin Media, has acquired an electric vehicle specialist based in Leeds.

According to Farsley-headquartered The Phoenix Works (TPW), the acquisition will allow it to grow following coronavirus related interruptions.

The company’s previous owner, Retig, fell into administration earlier this year.

“We are delighted to be able to acquire The Phoenix Works supporting the company’s ambitious plans in the smart energy market,” said Jason Simpson, Group Head of Energy for Liberty Global.

“This fits well with our existing involvement in the EV charging space and our own internal requirements for onsite renewables and fleet electrification to support our sustainability agenda.”

Thomas Newby, Managing director of TPW, said: “Becoming part of the Liberty Global family is a great opportunity for us, and an exciting moment for The Phoenix Works.

“Liberty Global shares our deep-rooted entrepreneurial, start-up energy, and they are hugely supportive of our ambitious growth plans over the coming years.”

Matthew Morgan, Operations Director of The Phoenix Works, added: “2020 has seen testing times but we are now very happy to be truly back to business-as-usual.

“Having Liberty Global as a parent company will enable our continued growth and ensure our industry leading service levels are maintained.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Lincolnshire sensor manufacturer acquired by Norfolk components firm

bf1systems, a provider of electronic and electrical solutions for the motorsport and automotive industries, and BGF portfolio company, has acquired KA Sensors as part...

Work starts on new Heckington homes

Work to build 33 new affordable homes in Heckington, near Sleaford, has begun. Lindum Construction is building the properties on land off Kyme Road on...

Company fined after worker has crushed arm amputated

Ken Mills Engineering Ltd has been fined for safety breaches after a 48-year-old worker suffered a life-threatening injury. Leeds Crown Court heard that on 9...

Guidance and support offered for businesses affected by EU exit

The West Yorkshire Combined Authority and Leeds City Region Enterprise Partnership (LEP) are offering advice and support to help businesses across the region adapt...

SMEs expect recovery by summer 2022, research reveals

SMEs that have suffered due to COVID-19 don’t expect to recover to pre-pandemic levels until summer 2022, according to research from Santander UK. With the...

Yorkshire firm becomes first self-sufficient UK ambulance maker

O&H Vehicle Technology has become the first ambulance manufacturer in the UK to be fully self-sufficient, having brought all aspects of its production process...

Related news

Lincolnshire sensor manufacturer acquired by Norfolk components firm

bf1systems, a provider of electronic and electrical solutions for the motorsport and automotive industries, and BGF portfolio company, has acquired KA Sensors as part...

Work starts on new Heckington homes

Work to build 33 new affordable homes in Heckington, near Sleaford, has begun. Lindum Construction is building the properties on land off Kyme Road on...

Guidance and support offered for businesses affected by EU exit

The West Yorkshire Combined Authority and Leeds City Region Enterprise Partnership (LEP) are offering advice and support to help businesses across the region adapt...

SMEs expect recovery by summer 2022, research reveals

SMEs that have suffered due to COVID-19 don’t expect to recover to pre-pandemic levels until summer 2022, according to research from Santander UK. With the...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close