United H2 Limited (UHL) has signed an agreement to acquire GoZero Group Limited (GoZero) in a strategic move to expand its presence in the zero-emission mobility sector.
The transaction, valued at around $400 million, will see UHL take full control of GoZero and its subsidiaries, including e-bus manufacturer, Nexport, and bus charter business, NSBC Group.
GoZero, an Australian-based provider of zero-emission transport solutions, has played a pivotal role in electrifying commercial bus and truck fleets in Australia, manufacturing and distributing over 250 electric buses and trucks, with an additional 360+ units in the pipeline.
The company also operates a fleet of over 350 charter buses and has invested more than AUD $300 million in strategic assets, electric vehicles, and infrastructure. Now, it hands over the reins, as it looks to the future.
“GoZero is leading the transformation of the mobility industry by electrifying Australia’s commercial transport sector,” said GoZero Managing Director, Stephen Cartwright OAM.
“This deal is our next big opportunity for growth. UHL has 15 clean energy assets and its proven track record in scaling businesses represents a game changing opportunity to redefine multiple sectors.”
By integrating GoZero into its portfolio, UHL will strengthen its position in the global energy transition, leveraging synergies between its existing investments to develop sustainable ecosystems worldwide.
“We are excited about this acquisition and the growth opportunities that this transaction provides,” said UHL CEO, Will Davidson.
“GoZero has established itself as a leader in zero-emission transport solutions, and by bringing them into our global clean energy ecosystem, we see significant value-creation opportunities for both companies and their shareholders. By cross-pollinating GoZero’s assets across that ecosystem, we can drive synergies that will power the delivery of holistic clean energy solutions globally.”
