A Leeds electric vehicle specialist has today announced that it has been acquired by the owner of Virgin Media.
The Phoenix Works (TPW), in Farsley, has been purchased by Liberty Global, a video, communication and broadband company which owns Virgin Media.
TPW said that the acquisition means that it can continue to grow, and that it is now back to “business as usual” after interruptions caused by coronavirus.
Its previous owner, Retig Ltd, went into administration earlier this year.
Jason Simpson, group head of energy for Liberty Global, said: “We are delighted to be able to acquire The Phoenix Works supporting the company’s ambitious plans in the smart energy market.
“This fits well with our existing involvement in the EV charging space and our own internal requirements for onsite renewables and fleet electrification to support our sustainability agenda.”
Thomas Newby, managing director of The Phoenix Works, said: “Becoming part of the Liberty Global family is a great opportunity for us, and an exciting moment for The Phoenix Works.
“Liberty Global shares our deep-rooted entrepreneurial, start-up energy, and they are hugely supportive of our ambitious growth plans over the coming years.”
Matthew Morgan, operations director of The Phoenix Works, added: “2020 has seen testing times but we are now very happy to be truly back to business-as-usual.
“Having Liberty Global as a parent company will enable our continued growth and ensure our industry leading service levels are maintained.”
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