The company said that the acquisition was part of its strategy to expand its activity in the cleantech and vehicles industries.
Ran Rimon 11 Mar 08 18:37
Azrieli Group subsidiary Granite Hacarmel Investments Ltd. (TASE: GRNT) has acquired Eco Electric Vehicles Ltd. for NIS 700,000, for the purpose of setting up a new cleantech subsidiary, Global Eco Ltd. Eco Electric Vehicles imports electric scooters, which are recharged from the electricity grid.
Granite Hacarmel will own 51% of Global Eco and provide it with a NIS 2.9 million owners loan. The company said that the acquisition was part of its strategy to expand its activity in the cleantech and vehicles industries.
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