DigitalBridge Completes ZEmobility-VGMobility Merger, Creating 5,400-Bus LATAM Platform
DBRG sits 79% above its 52-week low of $8.94 on elevated volume (7.2× avg).
Summary
DigitalBridge and Aberdeen Investments completed the combination of ZEmobility and VGMobility, forming one of the largest sustainable transportation platforms globally with over 5,400 electric buses across Colombia and Chile. The combined entity operates 16 concessions under long-term, government-backed contracts with transport authorities in Bogotá and Santiago. This follows DigitalBridge's recent acquisition of PLUS ES and its pending acquisition by SoftBank, underscoring its expansion into infrastructure assets. The deal strengthens DigitalBridge's position in Latin American transport electrification and adds scale to its InfraBridge division. No financial terms were disclosed, but the platform's contracted revenue base and growth pipeline are positive for the company's infrastructure portfolio.
At the time of this announcement, DBRG was trading at $15.99 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3B. The 52-week trading range was $8.94 to $15.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.