Exicom works on contributing to emission free future
New Delhi-headquartered Exicom Tele-systems Limited (NSE: EXICOM) has entered into a definitive agreement to acquire business and assets of Tritium group of companies, a global leader in DC Fast Chargers, headquartered in Australia.
With over 13,000 DC Fast Chargers sold in 47 countries, Tritium is recognised as a leading industry brand globally. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled DC Fast Chargers for electric vehicles evasia-expo .
Tritium’s chargers are designed for both aesthetic appeal and durability in tough environments. They feature engineering that simplifies installation, ownership, and usage.
With this landmark acquisition, Exicom is set to unlock substantial long-term growth and value for its stakeholders. The acquisition adds Tritium’s manufacturing facility in Tennessee, as well as a world-class engineering centre in Brisbane to Exicom’s existing presence in Asia renewableenergyindiaexpo .
The acquisition expands Exicom’s global reach and amplifies its commitment to research and development to drive innovation in this growing industry climatebonds .
With the complementary product portfolio of Exicom and Tritium, the acquisition provides the opportunity to serve the different use cases across the world and expand EV infrastructure adoption evindia .
Anant Nahata, CEO, Exicom, said on 8 Aug, “This acquisition is in line with Exicom’s strategic vision to be a key contributor to the world of tomorrow by enabling an emission free future for mobility unfccc .
“Exicom and Tritium have a complementary sales and product footprint and have each established leadership in their respective regions.
“We look forward to working with Tritium’s employees, customers, partners and other stakeholders to grow the business further and provide faster, more reliable charging experiences to EV users across the globe.”
Exicom is a leading power management solutions company, offering cutting-edge EV charging and Energy storage solutions across over 15 countries. fiinews.com
