Exicom Tele-systems Limited (NSE: EXICOM), a New Delhi, India-based charger manufacturer, announced that its subsidiary Exicom Power Solutions B.V. Netherlands and other step down subsidiaries, have entered into a definitive agreement under which it will acquire business and assets of Tritium, a global leader in DC Fast Chargers, headquartered in Australia.
The amount of the deal was not disclosed.
With the acquisition, Exicom will add Tritium’s manufacturing facility in Tennessee, USA, as well as an engineering centre in Brisbane, Australia, to its existing presence in Asia. The acquisition will also expand Exicom’s global reach and amplifies its commitment to research and development to drive innovation in this industry.
Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled DC Fast Chargers for electric vehicles. Its chargers are designed for both aesthetic appeal and durability in tough environments. They feature engineering that simplifies installation, ownership, and usage. It has over 13,000 DC Fast Chargers sold in 47 countries.
Led by CEO Anant Nahata, Exicom is a power management solutions company, offering EV charging and Energy storage solutions across over 15 countries. Its comprehensive range of smart AC and DC Fast Chargers cater to all types of drivers and vehicles. In the energy storage sector, the company provides energy management solutions to telecommunications and industrial customers. Exicom employs approximately 1,200 professionals worldwide and serves a diverse customer base spanning Africa, Middle East, and Asia.
FinSMEs
09/08/2024