Luceco Group Acquires SyncEV

SyncEV, based in Surrey, UK, is a well‐regarded EV charge point brand among professional installers. The business specialises in supplying smart charge points for residential installations and has benefited from rapid growth in this market as electric vehicle sales have accelerated.

John Hornby, Chief Executive Officer of Luceco commented: “SyncEV is a small but rapidly growing business with a strong brand and a management team with an excellent understanding of the residential EV charging product category and the professional installer. We are excited by the potential of combining these strengths with Luceco’s product development, manufacturing and distribution capabilities. Luceco has a large market share of UK residential electrical products and replicating this share within the rapidly growing residential EV charging category, as well as exploring new sales channels in both the UK and overseas, is a huge growth opportunity for the Group”.

• SyncEV has become the latest acuisition by Luceco plc
• The company has experienced rapid growth due to the increasing demand for electric vehicles.
• Sync EV is a well-regarded EV charge point brand specializing in smart charge points for residential installations.

SyncEV

SyncEV was established in 2009 by two British entrepreneurs focussed on improving our world through renewable energies. In 2015 we entered the exciting world of electric vehicle charging, quickly becoming pioneers in the industry with the world's smallest EV charger.