Liberty Electric Cars hasn't cropper up on our radar too much in recent years, but it looks like it has been on Green Automotive's. It recently announced that it's acquiring the UK-based company, which specializes in converting Land Rovers to electric vehicles, for $17 million in an all-stock deal. In a statement, Liberty Electric CEO Ian Hobday said that the acquisition wouldn't affect the company's business in Europe or its management structure, adding that the deal "provides us with a huge opportunity to expand in America," as well as the ability invest further in R&D and bring new products to market. Exactly when we can expect to see that expansion into the US isn't clear, but it will presumably have some company from Green Automotive's own EVs when it does make the move.
Filed under: Transportation
Green Automotive to acquire Land Rover-converter Liberty Electric for $17 million originally appeared on Engadget on Wed, 11 Jul 2012 04:28:00 EDT. Please see our terms for use of feeds.
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Liberty Electric Cars | Email this | CommentsSource: http://www.engadget.com/2012/07/11/green-automotive-to-acquire-land-rover-converter-liberty-electri/
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