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Exicom to acquire Tritium, expanding its global footprint in EV charging

Exicom Tele-systems, India's largest EV charger manufacturer, has announced today that its subsidiary, Exicom Power Solutions Netherlands and other step down subsidiaries, have entered into a definitive agreement under which it will acquire business and assets of Tritium group of companies.
By James Foster August 14, 2024 Read time: 2 mins
The acquisition seen as an ideal anchor towards building a global EV charger business with Tritium's presence in 47 countries. Photo Exicom Tele-systems
The acquisition seen as an ideal anchor towards building a global EV charger business with Tritium's presence in 47 countries. Photo Exicom Tele-systems

With over 13,000 DC Fast Chargers sold in 47 countries, Tritium, headquartered in Australia, 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. The company'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, USA, as well as a world-class engineering centre in Brisbane, Australia to Exicom's existing presence in Asia. The acquisition expands Exicom's global reach and amplifies its commitment to research and development to drive innovation in this growing industry. 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.

"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,” said Anant Nahata, CEO, Exicom. “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."