Shell usa, inc. finalizes acquisition of volta inc., scaling up its u.s. public electric vehicle charging network

Houston , march 31, 2023 /prnewswire/ -- shell usa, inc., a subsidiary of shell plc, has completed the previously announced acquisition of volta inc. (volta) in an all-cash transaction valued at approximately usd $169 million. with this acquisition, shell now owns and operates one of the largest public electric vehicle (ev) charging networks in the u.s. the closing of the transaction occurred after receiving various regulatory clearances and approval from volta's stockholders.
SHEL Ratings Summary
SHEL Quant Ranking