EDF, a French electric utility company, announced the acquisition of a majority stake in Pod Point, one of the UK’s largest electric vehicle charging companies.

The exact amount of the transaction was not disclosed, but it’s said that it’s EDS’s largest investment in the EV market.

Additionally, the Legal & General Capital (LGC), which previously held 13% of Pod Point, has increased its stake to 23% in the newly-formed joint venture.

Since 2009, Pod Point has delivered more than 69,000 charging points, including 62,000 in the UK, 6,600 in Norway (mostly home Level 2 AC units), but the offer includes various solutions up to 150 kW DC fast chargers.

In its home market, the company operates a public network of almost 3,000 charging points.

EDF already offers one of the market’s most competitive low-carbon electric vehicle tariffs. “Go Electric” gives customers the chance to lease an electric vehicle while benefitting from lower off-peak electricity rates. The acquisition of Pod Point will allow EDF to offer quality installations of charging solutions as part of even more attractive EV deals.

The consolidation of charging infrastructure providers is progressing at a rapid speed, as the EDF Group recently acquired also the Pivot Power.

The Pod Point’s competitor in the UK, Chargemaster, was acquired by BP in 2018.