Green Automotive Company (OTCPK:GACR) signed a binding agreement to acquire Transhock Ltd. from Derek Neale and David Peter Davies for $1.8 million in stock on February 25, 2014. For the year 2013, Transhock reported revenues of $7 million. The two partners at Transhock Ltd, David Davies and Derek Neale will remain with the business post acquisition. The closing was to take place on April 25, 2014. The transaction will be earnings accretive to Green Automative Company.

As on June 17, 2014, Green Automotive Company signed a deed of addendum with Neale and Davies to extend the agreement until July 31, 2014.

Green Automotive Company (OTCPK:GACR) cancelled the acquisition of Transhock Ltd. from Derek Neale and David Peter Davies on February 25, 2015.