Exicom Tele-systems, a leading EV charger manufacturer based in New Delhi, has announced a major expansion by acquiring Australia’s Tritium. The deal, facilitated through Exicom’s subsidiary Exicom Power Solutions B.V. Netherlands and other subsidiaries, marks a significant step in Exicom’s global growth strategy.
Who is Tritium?
Founded in 2001, Tritium is a well-known Australian company that specializes in designing and manufacturing advanced DC Fast Chargers for electric vehicles. Their chargers are known for their unique liquid-cooling technology, which ensures reliability even in harsh environments. Tritium’s chargers are not only durable but also aesthetically designed, making them easy to install, own, and use.
Exicom Global Reach
The acquisition of Tritium will add key facilities to Exicom’s portfolio, including a manufacturing plant in Tennessee, USA, and an engineering center in Brisbane, Australia. This expansion significantly boosts Exicom’s presence beyond Asia, giving the company a stronger foothold in the global EV charging market.
EV Charging Presence
Exicom and Tritium have complementary product offerings, which will allow them to serve a wider range of customers around the world. With the growing demand for electric vehicles (EVs) and the need for robust EV infrastructure, this acquisition is timely. According to BloombergNEF’s forecasts, EVs are expected to account for 45% of global passenger vehicle sales by 2030 and 73% by 2040. This acquisition positions Exicom to meet the increasing global demand for reliable and efficient EV charging solutions.
Leadership Perspective
Anant Nahata, CEO of Exicom, emphasized that the acquisition aligns with the company’s vision of contributing to a sustainable, emission-free future for mobility. “Exicom and Tritium each have strong sales and product footprints in their respective regions,” Nahata said. “We are excited to work with Tritium’s employees, customers, and partners to grow the business and provide faster, more reliable charging experiences to EV users globally.”
This strategic acquisition strengthens Exicom position as a leader in the EV charging industry, expanding its capabilities and reach. The combined expertise of Exicom and Tritium will drive innovation and support the global shift towards electric vehicles, creating a cleaner, more sustainable future.
