Exicom Tele-systems, India’s premier electric vehicle (EV) charger manufacturer, has taken a decisive step to bolster its global influence by acquiring Tritium, a globally recognized leader in DC Fast Chargers. This acquisition marks a pivotal moment in the rapidly expanding EV market.
Exicom’s subsidiary, Exicom Power Solutions B.V. Netherlands, alongside other step-down subsidiaries, secured a definitive agreement to acquire the business and assets of the Australia-based Tritium group of companies. Since its inception in 2001, Tritium has sold over 13,000 DC Fast Chargers across 47 countries. Renowned for pioneering liquid-cooled DC Fast Chargers, Tritium’s products offer both aesthetic finesse and rugged durability, ideal for demanding environments.
This acquisition aligns with Exicom’s ambitious vision of driving an emission-free future in mobility. Integrating Tritium’s cutting-edge manufacturing facility in Tennessee, USA, and its premier engineering center in Brisbane, Australia, Exicom enhances its research and development prowess, accelerating innovation within the EV charging sector.
Tritium’s integration amplifies Exicom’s global reach, adding essential assets and expertise that enable the company to address diverse EV charging demands worldwide. The merger of Exicom’s and Tritium’s product portfolios provides a unique opportunity to serve varied use cases, catalyzing broader adoption of EV infrastructure.
Anant Nahata, CEO of Exicom, articulated the strategic significance of this acquisition: “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.”
“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,” he added.
Forecasts by BloombergNEF’s ‘Economic Transition Scenario’ predict that EVs will represent 45 percent of global passenger-vehicle sales by 2030, soaring to 73 percent by 2040. Positioned at the forefront of this evolution, Exicom, bolstered by Tritium’s esteemed brand and technological prowess, is set to meet the surging demand for robust and efficient EV charging solutions.
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