File photo. Z Energy had been a major shareholder in Flick and acquired the final 5 percent in April. Photo: RNZ
The acquisition of electricity retailer Flick by major shareholder Z Energy will allow the fuel retailer to roll out more electric offerings to meet the growing demand for electric vehicles.
Australian-owned Z Energy, which had been a major shareholder of Flick for the past five years, already owned 75 percent of the company before acquiring a further 20 percent before Christmas and the remaining 5 percent on 21 April.
Z's chief digital officer and board chair at Flick Mandy Simpson said the fuel chain would expand further into the energy sector.
"We want to continue to support Flick to grow its energy business, both in terms of scale and the flexibility of that," she said.
"It also gives Z an entry and options to choose, how do we best participate in this kind of energy transition and changing energy world?
"Z really considers itself now to be an energy company, not just a fossil fuels company."
Simpson said the company was rolling out EV chargers across its network and planned to have these at 20 percent of its service stations by the end of the year.