Shell agrees deal to buy electric car-charging company ubitricity

Acquisition expected to be finalised by end of year as race gathers pace to corner market

Shell has agreed to buy one of Europe’s largest on-street electric car-charging companies to accelerate its move into low-carbon transport.

The oil company, which faces growing pressure to cut its carbon emissions, expects the deal to buy German car-charger ubitricity to be finalised by the end of the year.