Exicom plans to acquire Tritium for $29.63M, aiming to expand global reach and boost R&D capabilities in the EV industry.

India's largest EV charger manufacturer, Exicom, plans to acquire Tritium, a fast charger manufacturer, in a $29.63M deal. The acquisition aims to expand Exicom's global reach, boost R&D capabilities, and foster innovation in the EV industry. Exicom will gain access to Tritium's US manufacturing facility and Australian engineering center, complementing their own Asian operations. The deal aligns with BloombergNEF's projection that EVs will comprise 45% of global passenger vehicle sales by 2030.

August 08, 2024
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