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Giga Carbon Neutrality to Acquire a Controlling Stake in Admiral Corp. of America.

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MANews-(C)2009-2022

UK-based commercial mobility and clean energy technology company Giga Carbon Neutrality Inc has signed a memorandum of understanding to acquire a majority stake in home appliances and electronics brand Admiral Corp. of America Inc and subsidiary companies.

Admiral, first established as Transformer Corp. of America in 1924, then re-established and re-branded in 1934 by founder Ross Siragusa, in its nearly 100-year history has been in home appliances and electronics.

As it joins the GCN group of companies, Admiral is diversifying into the sustainability business providing solutions in e-mobility, charging and energy storage.

Upon completion of the acquisition, GCN will integrate its new energy mobility solutions both battery and hydrogen powered logistics vehicles, specialist vehicles and buses and mobile and stationary energy storage capabilities with Admiral subsidiary Admiral America Energy Inc.

Giga Carbon Neutrality is a clean energy trucking and technology company that makes running clean, reliable vehicle...

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