Exicom Tele-systems Limited, India’s largest Electric Vehicle (EV) charger manufacturer, has announced a significant expansion of its global footprint by acquiring Tritium Group of Companies, a prominent leader in DC Fast Charging technology. The acquisition, formalised through Exicom Power Solutions B.V. Netherlands and its subsidiaries, marks a strategic move to enhance Exicom’s capabilities in the rapidly growing EV charging sector.
Tritium, headquartered in Australia, has established itself as a global brand with over 13,000 DC Fast Chargers sold across 47 countries since its founding in 2001. Known for its cutting-edge designs and advanced liquid-cooled chargers, Tritium offers solutions that prioritise both aesthetic appeal and durability, ensuring reliable performance in various environments. The company’s proprietary hardware and software streamline installation and usage, making it a favoured choice among EV infrastructure providers.
The acquisition not only incorporates Tritium’s manufacturing facility in Tennessee, USA, but also adds a state-of-the-art engineering center in Brisbane, Australia, complementing Exicom’s existing presence in Asia. This strategic alignment promises to drive long-term growth and create significant value for stakeholders as both companies leverage their complementary product portfolios to meet diverse global needs for EV infrastructure.
According to a report by BloombergNEF, the demand for electric vehicles is projected to soar, with EVs expected to constitute 45% of global passenger vehicle sales by 2030 and 73% by 2040. This market expansion underscores the urgency for robust EV charging solutions, positioning Exicom and Tritium to capitalise on the impending surge.
Anant Nahata, CEO of Exicom, expressed enthusiasm for the acquisition, stating, “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.”
