Exicom to acquire Australia-based Tritium; expands global footprint in EV charging

New Delhi-based EV charger maker Exicom Tele-systems today said that its subsidiary Exicom Power Solutions B.V. Netherlands and other step-down subsidiaries have entered into a definitive agreement to acquire business and assets of Tritium group of companies, a global leader in DC Fast Chargers.

The Australian company claims that it has solved over 13,000 DC chargers in 47 countries.

What does Tritium do?

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 said its chargers are designed for both aesthetic appeal and durability in tough environments. They feature engineering that simplifies installation, ownership, and usage.

Acquisition to add Tritium’s facilities in Exicom’s presence

The acquisition adds Tritium’s manufacturing facility in Tennessee, USA,  as well as an engineering centre in Brisbane, Australia to Exicom’s existing presence in Asia.

The acquisition also expands Exicom’s global reach and amplifies its  commitment to research and development to drive innovation in this growing industry.

With Exicom and Tritium's complementary product portfolios, the acquisition provides the opportunity to serve different use cases worldwide and expand EV infrastructure adoption.

According to BloombergNEF’s “Economic Transition Scenario,” which forecasts EV growth based on current techno-economic trends, EVs are slated to reach 45% of global passenger-vehicle sales by 2030 and 73% by 2040.

Leadership comments

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