Applegreen has agreed to sell its UK petrol-filling business (PFS), the company announced today.
It intends to use the proceeds from the transaction to invest in its business in Ireland, the UK, and the US.
Applegreen’s UK PFS – which has 98 sites and employs 1,142 people – will be sold to EG On The Move, a UK operator of filling stations and convenience stores.
The sale is due to close at the end of this month.
Employees
All of the staff members currently employed by Applegreen’s UK PFS business are expected to transfer to the new owners as part of the transaction, apart from a few workers whose roles overlap with those of the new owner.
The company will either redeploy these employees or offer them a redundancy package.
Applegreen has been in consultation with all the employees in question in recent weeks.
The sale does not affect Applegreen’s Welcome Break business in the UK – including operations in Northern Ireland – which employs more than 6,000 people at its 59 sites.
‘Significant Plans’
Speaking about the change, the co-founder and chief executive of Applegreen, Joe Barrett, said, “We remain totally committed to our presence and further expansion in the UK market and have significant plans to expand both Welcome Break and our EV-charging business there, as part of the €1 billion investment plan that we announced late last year.
“We are growing the Welcome Break business in the UK by developing new-build locations and revamping many of our existing sites.
“We have a strong pipeline of additional UK sites for development on locations adjacent to motorways and alongside a number of major A-roads.
“This week, for example, we will open a new, £55 million, state-of-the-art Welcome Break motorway service area (MSA) on the M1 near Rotherham.”
‘Further Investment In New Sites’
In Ireland, Applegreen will continue investing in its petrol filling station business, as it is an integral part of its Irish operations.
Barrett said, “The roll-out of our successful Marks & Spencer partnership, which is currently in 21 locations, will continue, and we are also investing to expand our Braeburn Coffee brand.
“There will also be further investment in new sites and upgrades to existing locations.”
In the UK and the US, Applegreen has shifted its focus to larger sites, with food at the heart of its customer offerings.
Applegreen will also continue to invest heavily in its EV-charging business in Ireland, the UK, and the US, with an expansion programme worth €85 million planned over the next five years.
Read More: Marks & Spencer Reports Strong Christmas Ahead Of Uncertain 2025
