Exicom Tele-systems Ltd., recognized as India's largest electric vehicle charger manufacturer, has announced that it will acquire the business and assets of the Tritium group of companies through its subsidiary Exicom Power Solutions BV Netherlands, and other step-down subsidiaries. Tritium is a notable global leader in DC fast chargers, headquartered in Australia, with its products sold in 47 countries.
The acquisition is expected to broaden Exicom's global reach and enhance its product portfolio, fostering the company's ability to meet diverse use cases worldwide and accelerate the adoption of EV infrastructure.
Tritium was founded in 2001 and has established itself as a prominent brand in the industry, renowned for its innovative and reliable liquid-cooled DC fast chargers designed for EVs. The company's product design emphasizes both aesthetic appeal and durability, alongside engineering that eases the installation, ownership and usage processes. Tritium operates a cutting-edge manufacturing facility in Tennessee, US, and a world-class engineering center in Brisbane, Australia.
This strategic acquisition is seen as a move by Exicom to unlock substantial long-term growth and value for its stakeholders, by not only expanding its operational footprint to include Tritium's facilities in the US and Australia, but also by amplifying its commitment to research and development. This is aimed at driving innovation within the burgeoning EV charging industry.
Anant Nahata, CEO of Exicom, emphasized that the acquisition aligns with the company's strategic vision to contribute to a sustainable future by supporting the transition to emission-free mobility. He highlighted the complementary nature of Exicom and Tritium's sales and product footprints, and their established leadership in respective regions. Nahata expressed optimism about working alongside Tritium's employees, customers, partners and stakeholders to propel business growth and offer improved and faster charging experiences to EV users globally.
