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EasyLease boosts regional footprint via majority stake in Fully Charged

EasyLease boosts regional footprint via majority stake in Fully Charged
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Easy Lease
EASYLEASE
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Abu Dhabi - Mubasher: EasyLease Motorcycle Rental has acquired 60% of Fully Charged, one of the leading companies in the manufacture, supply, and installation of chargers for various types of electric vehicles (EV).

The ADX-listed company highlighted that the transaction will double its portfolio during the next year by expanding its services strategically in the GCC region as well as North Africa, according to a press release.

EasyLease also indicated that the acquisition will enhance its footprint in sustainable mobility by leveraging shared synergies within the industry, anchoring mutual benefits, and actively promoting the sustainable growth of the ecosystem.

The transaction was concluded following the required procedures and obtaining regulatory approvals.

Being the authorised supplier for international brands of EV dealerships, Fully Charged has installed more than 5,000 advanced charging devices nationwide,

In the first half (H1) of 2023, the net profits attributable to the shareholders of EasyLease hiked to AED 21.15 million from AED 14.96 million in H1-21.