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New Deal


Announced

Goldbell Group to acquire BlueSG for $52m.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Pending

Singapore

Single Bidder

Transportation Services

Majority

electric car sharing

Friendly

Domestic

car sharing

Synopsis

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Goldbell Group, a provider of electric vehicle sharing services, agreed to acquire BlueSG, a provider of electric vehicle sharing, for $52m. “Our investment in BlueSG is a result of a long-term focus on the future mobility space and reflects the Goldbell approach to insight-driven investing. The combination of BlueSG’s strong brand and engaged customer base, with Goldbell’s deep industry intelligence and network, vehicle support capabilities and fleet efficiency protocols bring powerful synergies to the current and future customers of BlueSG. We are committed to working closely together as a team to develop innovative technology solutions that will support Singapore’s car-lite and energy-powered mobility vision,” Arthur Chua, Goldbell Group CEO.

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