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.”