Green Automotive Company closes the acquisition of Liberty Electric Cars

LIBERTY ELECTRIC CAR

Greentech Lead America: Green Automotive Company, a US
public company involved in the conversion, import and worldwide distribution of
eco-friendly vehicles, has acquired UK based Liberty Electric Cars.

Green Automotive Company believes that Liberty’s
expertise in conversion programs will help to accelerate its plans to have
pure electric
buses, shuttles and limos on the road in near future.

“We’re delighted to have closed this acquisition, which I
believe will accelerate our growth as the Liberty management team has state-of-the-art
EV technology that would have take us another year or longer to develop. What
they’ve achieved in Europe has been quite remarkable and we expect their
combination of technical excellence and industry knowledge to help give us an
edge in this fast growing business,” said Fred Luke, president of Green
Automotive

The combined businesses will now have operations in North
America, Europe and Australasia and will continue to expand through a
combination of organic growth and targeted acquisitions. The combined company
will also create an EV
technology development and retail business spanning the globe.

“This is an exciting opportunity for us to bring our
class-leading technology to the biggest market place in the world, and we’re
keen to help Fred and his team make this happen. We’ve got some incredible
products in the pipeline which will really appeal stateside and we can’t wait
to see them on American roads,” said Ian Hobday, managing director of Liberty.

editor@greentechlead.com