Home THE DAILY EDGE Business Teledata in talks to acquire majority stake in Elektromotive
Teledata in talks to acquire majority stake in Elektromotive

Tags: Teledata (Singapore)

Written by The Edge   
Tuesday, 27 April 2010 13:27
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Teledata (Singapore), the IT systems integrator and communications services company, says it has secured the exclusive right, for a period of five weeks, to negotiate with HH Prince Abdul Hakeem from Brunei for the proposed acquisition of a 51% stake in Elektromotive, a provider of technology and engineering solutions for smart electric vehicle recharging stations.

Founded in 2003 and based in Brighton, UK, Elektromotive designs and installs equipment for recharging electric and plug-in hybrid electric vehicles. Its main product is the Elektrobay, a recharging station for on-street or multi-storey car park use.

Elektrobays are typically situated next to parking bays, within easy reach of an electric vehicle’s charging point. The Elektrobay’s socket is located under a secure, weather-proof door, accessed using a personalised key fob. When charging is in progress, the door locks shut to prevent interference.

The Elektrobay was first introduced in Westminster, London, in 2006, and is now installed in cities and shopping centres around the UK. Elektromotive also exports Elektrobays to Belgium, Denmark, Luxembourg, Iceland, Sweden, The Netherlands, Germany, South Korea and Saudi Arabia.

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Last Updated on Tuesday, 27 April 2010 14:09