The recent acquisition of SyncEV, specialists in smart charging points for residential EV installations, by Luceco Group, is set to open a wealth of opportunities for professional EV installers.
SyncEV’s roots date back to 2016, the company installed EV chargers as part of a government scheme, supporting homeowners in installing electric vehicle charge points in their homes. Even with a reduction in this government grant, the demand for these systems continued to grow. Through the many installations of common brands available at the time, the small SyncEV team developed a very detailed understanding of EV chargers. Now the aim was to create a solution designed by installers, for installers, ensuring the installation process and technical support were the best in class.
After a number of prototypes and several design changes, the company’s EV charging system was launched to market in December 2019. The product was one of the smallest EV chargers available and included smart capability through a mobile app. Furthermore, it was backed up with market-leading technical support for both the installer and end-user. Bringing all these factors together undoubtedly contributed to the strong demand for EV charging solutions.
Acquisition by Luceco Group
SyncEV’s potential was clear to see, leading to the acquisition of the company by Luceco Group in March 2022. Luceco Group’s Chief Executive John Hornby explained the rationale, saying “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.
SyncEV will be positioned under the BG Electrical brand and will complement key electrical products within the BG Electrical family. For the contractor, this means the acquisition will enable them to choose even more solutions from a brand they know, trust and are confident in installing.
For more information on the new SyncEV range by BG Electrical, visit: www.syncev.co.uk
