Acquisitions1 Aug 2024, 04:42 pm
Exicom Tele-Systems Ltd Acquires 100% Stake in Tritium Power Solutions Pty Ltd. for $120
AI Summary
Exicom Tele-Systems Ltd has announced the acquisition of 100% stake in Tritium Power Solutions Pty Ltd. by its wholly-owned subsidiary, Exicom Power Solutions B.V., for a consideration of $120. This acquisition will help Exicom expand its EV charger and power business globally. Tritium Power Solutions Pty Ltd, which is in the business of Electric Vehicle Supply Equipment (EVSE), becomes a step-down wholly owned subsidiary of Exicom Tele-Systems Limited.
Key Highlights
- Exicom Tele-Systems Ltd acquires 100% stake in Tritium Power Solutions Pty Ltd.
- Acquisition done through wholly-owned subsidiary Exicom Power Solutions B.V.
- Consideration for acquisition is $120.
- Tritium Power Solutions Pty Ltd is in the business of Electric Vehicle Supply Equipment (EVSE).
- Acquisition will help Exicom expand its EV charger and power business globally.