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Schneider Electric Acquired EV Connect to Expand its EV-Charging Business

June 21, 2022, Schneider Electric, the leader in energy management and automation, acquired EV Connect, Inc., a premier electric vehicle (EV) charging solution provider, to expand its EV- charging business.

Ye Y by Ye Y
July 12, 2022
in Deal Tracker, Live Deal Opportunities, M&A Deals
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0
Electric vehicle charging station. Hand charging an electric car (EV) with the power cable supply plugged in.Flare light effect

Electric vehicle charging station. Hand charging an electric car (EV) with the power cable supply plugged in.Flare light effect

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Acquisition

EV Connect, Inc. provides electric vehicle charging solutions in North America. The company operates a cloud-based platform for the management of charging stations and the drivers that use them. The acquisition gives EV Connect financial backing to optimize its EV charging infrastructure. CEO and founder Jordan Ramer continues to operate EV Connect as an independent subsidiary, along with the current management team.

Comprehensive business

EV Connect serves a wide variety of industries, including Apartments and Condos, Education, Fleet, Government, Healthcare, Hotels, Retail, and Workplace. Since 2009, companies and organizations across a full spectrum of industries have powered electric vehicles for employees, tenants, customers, and visitors with reliable EV Connect charging solutions. EV Connect tailor our charging solutions to fit our customers’ unique needs with our proven EV Connect management platform to maximize uptime and minimize maintenance.

Similar strategic goals, and value

“At Schneider Electric, we believe that electric and digital are the recipe for a more sustainable and more resilient world,EV Connect has a very similar vision. We look forward to working together to accelerate the EV revolution.”

 

said Nadege Petit, Chief Innovation Officer at Schneider Electric.

“We are thrilled to partner with Schneider Electric. They not only support our strategic goals, but fully embrace the value of electricity as a transportation fuel managed by a robust and feature-rich networked EV charging platform,With Schneider we are positioned to strengthen our presence in the EV market, and we look forward to the journey as we open a new chapter for EV Connect.”

said Jordan Ramer, CEO and founder at EV Connect.

EV Connect has similar goals to the Schneider Electric, giving EV Connect both the funding and the same strategy to grow.

Similar transactions

Dec 06, 2016, Roper Technologies, Inc., a company that provides designs and develops software, and engineered products and solutions, acquired Delteck, Inc., which provides enterprise software and information solutions.

Jan 30, 2018, SAP America, Inc., develops enterprise application software, acquired Callidus Software Inc., which provides cloud-based sales, marketing, learning, and customer experience solutions worldwide.

 

Source: EV Connect, inc.

Tags: investing in solarM&Asolar acquisitionsolar energy
Ye Y

Ye Y

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