With this acquisition Exicom will gain access to Tritium's manufacturing facility in Tennessee, USA, and its engineering center in Brisbane, Australia.
Exicom will pay up to USD 6.13 million between the signing of the agreement and completion of the acquisition, with the remaining USD 23.5 million to be paid at completion, subject to the terms of the agreement. The acquisition is expected to be completed by August 31, 2024.
This move aligns with Exicom's strategic vision to contribute to a sustainable, emission-free future for mobility. By combining their expertise and resources, Exicom and Tritium aim to enhance the adoption of EV infrastructure worldwide.
With Tritium’s established presence in key markets like the USA and Australia, Exicom will be able to expand its global footprint more effectively. This could lead to increased availability of advanced EV charging solutions worldwide.
Exicom Tele-Systems offers a wide range of products, including AC and DC chargers for homes, workplaces, and public spaces.
Founded in 1994, Exicom has deployed over 70,000 chargers across various regions. Their solutions are known for their robustness and ability to operate in harsh environmental and electrical conditions. They also provide batteries, rectifiers, and energy storage solutions, along with installation and maintenance services.
Tritium was founded in 2001 by three engineering graduates from the University of Queensland – Dr. David Finn, James Kennedy, and Dr. Paul Sernia. The company initially focused on developing motor control technology for solar racing cars before shifting its focus to DC fast chargers for electric vehicles.
Tritium is renowned for its advanced DC fast chargers, which are designed to be both powerful and reliable. Its chargers, such as the PK350, can deliver up to 350 kW of power, enabling them to provide up to 350 km (217 miles of range to an EV in just 10 minutes. These chargers are capable of charging any EV on the market, automatically adjusting to the correct power level for each vehicle's battery.
Tritium's chargers are engineered to operate in extreme temperatures, from -35°C to +50°C (-31°Fx to +122°F), making them suitable for various environments. These chargers are designed to maximize space efficiency, with power units that can be located away from the user units. They include standard cable management to reduce hazards and offer custom branding options.
Tritium has sold over 13,000 chargers worldwide and supports a wide range of industries, from highway rest stops to heavy-duty mining vehicles.
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