Carwow has acquired GRIDSERVE Car Leasing from GRIDSERVE.
The company will further enhance its car leasing comparison engine, listing its leasing offers alongside those from its existing partners. The leasing operation will run as an independent business unit, led by GRIDSERVE Leasing Director, Rob Buckland. GRIDSERVE focused only on EV models, Carwow intends to expand the proposition to include PHEV and ICE.
John Veichmanis, Carwow Group CEO, said: “Bringing GRIDSERVE Car Leasing into the fold will enable us to develop a range of exciting new product experiences for those looking to lease their new car.
“We plan to substantially increase our overall investment into the leasing category and quickly expand our reach. We want to serve more customers looking to lease a car, while also providing our existing broker partners with more enquiries on our pay-on-results model.
“I am really excited to welcome Rob and his team to Carwow. They’ve a huge amount of collective experience and energy and we can’t wait for them to get started.”
Roy Williamson, Executive Chairman at GRIDSERVE, said: “We are delighted to announce that GRIDSERVE’s car leasing business has been acquired by Carwow, under whose guidance and support the team will be able to accelerate their work to offer drivers a comprehensive range of leasing solutions.
“The acquisition follows GRIDSERVE’s decision to focus on its core activities to deliver High Power charging, powered by renewables, in locations where drivers need it the most.”
This is Carwow’s second acquisition in 2024.