Deals8 Aug 2024, 02:36 pm
Exicom Tele-Systems to Acquire Tritium Group's Assets and Business in US and Australia
AI Summary
Exicom Tele-Systems Ltd, a leading provider of sustainable energy solutions, has approved a strategic acquisition of Tritium Group's assets and business in the United States of America and Australia. The acquisition will be made through Exicom's wholly owned step-down subsidiaries. Tritium Group is recognized as a leading industry brand globally, with a record of over 13,000 DCFCs sold in 47 countries. This acquisition will add Tritium Group’s manufacturing facility in Tennessee, USA, and its world-class engineering centre in Brisbane, Australia to Exicom’s existing presence in Asia, expanding its global reach and commitment to research and development.
Key Highlights
- Exicom Tele-Systems Ltd to acquire Tritium Group's assets and business in the US and Australia
- Tritium Group is a leading industry brand with over 13,000 DCFCs sold in 47 countries
- Acquisition to add Tritium Group’s manufacturing facility in Tennessee, USA, and its world-class engineering centre in Brisbane, Australia to Exicom’s existing presence in Asia
- Acquisition aims to expand Exicom’s global reach and commitment to research and development
- Transaction subject to fulfillment of certain conditions precedent as specified in the Business Sale Agreement