Tritium, the insolvent Australia-based manufacturer of EV-charging equipment, has found a buyer for its assets — India’s largest EV-charger manufacturer Exicom. The acquisition provides hope that a major provider of fast-charging equipment for the U.S. market will be able to avoid layoffs and reduces the risk of further supply disruptions.
Under the definitive agreement announced last Thursday, Exicom subsidiary Exicom Power Solutions B.V. Netherlands and other subsidiaries will acquire the businesses and assets of the Tritium group of companies. Those assets include the manufacturer’s Brisbane, Australia–based research and development center — and its massive factory in Lebanon, Tennessee, which opened in 2022 and can…
