Does Exicom own tritium?

Through its subsidiary Exicom Power Solutions BV Netherlands and other step-down subsidiaries, Exicom has entered into a definitive agreement to acquire the business and assets of Tritium, a distinguished global leader in DC Fast Chargers in Australia.

What happened to tritium?

Photo: Tritium, via Facebook. Brisbane-based electric vehicle (EV) charger company Tritium has been jolted back into life months after going into voluntary administration, with Indian rival Exicom striking a deal to acquire its business and assets for an undisclosed sum. Enjoyed this article?

How much does the tritium acquisition cost?

The Tritium Acquisition, with a total cost of up to USD 29,630,444, involves an initial payment of up to USD 6,130,444 before completion and a final payment of up to USD 23,500,000 upon completion, subject to the Business Sale Agreement. The acquisition is expected to close on or before August 31, 2024, or another mutually agreed date.

Where is tritium made?

Exicom will have access to Tritium's cutting-edge manufacturing facility in Tennessee, USA, as well as a world-class engineering centre in Brisbane, Australia.

Is tritium a good brand?

With over 13,000 DC Fast Chargers sold in 47 countries, Tritium is recognised as a leading industry brand globally. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled DC Fast Chargers for electric vehicles.

Where are tritium Chargers made?

Founded in 2001, Tritium’s chargers are designed for use in various environments and aim to simplify installation, ownership, and operation. This acquisition includes Tritium’s manufacturing facility in Tennessee, USA, and its engineering center in Brisbane, Australia.