Blink Charging Announces Closing of the Acquisition of EV Charging Leader SemaConnect
Blink Charging Announces Closing of the Acquisition of EV Charging Leader SemaConnect
- The acquisition adds nearly 13,000 EV chargers, an additional 3,800 site host locations and more than 150,000 registered EV driver members to Blink's existing footprint.
- In-house manufacturing and US-based assembly brings Blink in compliance with the Biden Administration Buy American initiatives
Miami Beach, FL, June 21, 2022 (GLOBE NEWSWIRE) -- $Blink Charging(BLNK.US)$$Blink Charging Co C/Wts 31/01/2023(To Pur Com)(BLNKW.US)$, a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced it has completed its previously announced acquisition of SemaConnect, Inc., a leading provider of EV charging infrastructure solutions in North America, for a combination of cash and shares of its common stock. The transaction added nearly 13,000 EV chargers to Blink's existing footprint, an additional 3,800 site host locations, and more than 150,000 registered EV driver members.
Blink Charging is now the only EV charging company to offer complete vertical integration from research & development and manufacturing to EV charger ownership and operations. This vertical integration creates unparalleled opportunities for Blink to control its supply chain and accelerate its go-to-market speed from more than 10,000 EV chargers today scaling to 50,000 per year, while reducing operating costs.
Blink will benefit from SemaConnect's in-house research & development, hardware design, and manufacturing capabilities. SemaConnect's manufacturing facility in Maryland will allow Blink to comply with the Buy American mandates and positions Blink to significantly capitalize on the $7.5 billion Biden Administration EV infrastructure bill and assist with the Administration's goal to build out the first-ever national network of 500,000 EV chargers along America's highways and in communities. This acquisition positions Blink to assist the Administration's development of a national EV charging network that provides interoperability among different charging companies and is user-friendly, reliable, and accessible to all Americans.
"Our speed in closing this deal is the first signal of the integrations and opportunities we can leverage from SemaConnect's robust hardware product line-up. This allows Blink to rapidly bring to market leading EV charging hardware complemented with our advanced software, including our multi-language and multi-currency network," said Michael D. Farkas, Founder and CEO of Blink Charging. "In addition, we are particularly enthused about finalizing and bringing to market the DCFC charger being developed by SemaConnect. Capitalizing on these efforts allows Blink to significantly accelerate our DCFC speed to market while drastically reducing our R&D costs," said Mr. Farkas.
Blink intends to transition SemaConnect's chargers to a single state-of-the-art network developed by a joint engineering team, which nearly doubled with the acquisition. The addition of the SemaConnect hardware further accelerates Blink's expansion across multiple municipalities and geographies, including California, where SemaConnect chargers already comply with local requirements for swipe credit card functionality.
Founded in 2008, SemaConnect is a market leader with a diverse suite of products, including Level 2 and DC Fast chargers, and charging-as-a-service program which provides a full package of EV charging solutions. SemaConnect's hardware and software solutions reach a wide range of critical EV charging customers across municipal, parking, multifamily, hotel, office, retail and commercial in the U.S. and Canada. Major customers include CBRE, JLL, Hines, Greystar, AvalonBay Communities, Cisco Systems, General Electric, among others.
SemaConnect executives will continue working for SemaConnect, a Blink group company. Mahi Reddy, SemaConnect's Chief Executive Officer, and Marc Pastrone, its Chief Operating Officer, signed new employment offer letters and will remain in their positions. Harsha Kollaramajalu, SemaConnect's Chief Technology Officer, will join Blink as its Executive Vice President, Head of Global Manufacturing.
"With the acquisition of SemaConnect and Blink's recent past acquisitions, including EB Charging and Blue Corner in Europe, we have significantly expanded and strengthened our position as a global leader in the EV space," said Mr. Farkas.
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ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW), a leader in electric vehicle (EV) charging equipment, has deployed over 48,000 charging ports across 19 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of Blink's charging locations worldwide. Blink's principal line of products and services include the Blink EV charging network ("Blink Network"), EV charging equipment, EV charging services, and the products and services of recent acquisitions, including Blue Corner and BlueLA. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million vehicles by 2025 from approximately 2 million in 2019, Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as "anticipate," "expect," "intend," "may," "will," "should," and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including risks related to the acquisition of SemaConnect, as well as Blink Charging's ability to integrate the acquired business within expected timeframes and to achieve the revenue, cost savings and earnings levels from such acquisition at or above the levels projected, and those other risks described in Blink Charging's periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
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-此次收購在Blink現有足跡的基礎上增加了近13,000個電動汽車充電器,額外的3,800個站點主機位置和超過150,000個註冊的電動汽車司機會員。
-內部製造和美國組裝帶來Blink,符合拜登政府的購買美國貨倡議
佛羅裏達州邁阿密海灘,2022年6月21日(環球通訊社)$閃爍收費(BLNK.US)$$Blink Charging Co C/WTS 31/01/2023(至Pur Com)(BLNKW.US)$電動汽車(EV)充電設備和服務的領先所有者、運營商和提供商今天宣佈,它已經完成了之前宣佈的對SemaConnect,Inc.的收購,該公司是北美領先的電動汽車充電基礎設施解決方案提供商,以現金和普通股的組合方式收購。這筆交易在Blink現有足跡的基礎上增加了近13,000個電動汽車充電器,增加了3,800個站點主機位置,以及超過150,000個註冊電動汽車司機會員。
Blink Charge現在是唯一一家提供從研發和製造到電動汽車充電器所有權和運營的完整垂直一體化的電動汽車充電公司。這種垂直整合為Blink創造了無與倫比的機會來控制其供應鏈,並加快其上市速度,從目前的10,000多臺電動汽車充電器擴大到每年50,000台,同時降低運營成本。
BLINK將受益於SemaConnect的內部研發、硬件設計和製造能力。SemaConnect在馬裏蘭州的製造設施將使Blink能夠遵守購買美國貨的要求,並使Blink能夠顯著利用拜登政府75億美元的電動汽車基礎設施法案,並協助政府沿着美國高速公路和社區建立首個由50萬個電動汽車充電器組成的全國網絡。此次收購定位於Blink,以幫助政府開發一個全國性的電動汽車充電網絡,該網絡提供不同充電公司之間的互操作性,並且用户友好、可靠,所有美國人都可以訪問。
Blink Charge創始人兼首席執行官邁克爾·D·法卡斯表示:“我們完成這筆交易的速度是我們可以從SemaConnect強大的硬件產品線中利用整合和機遇的第一個信號。這使得Blink能夠迅速將領先的電動汽車充電硬件與我們的先進軟件相補充,包括我們的多語言和多貨幣網絡。”法卡斯説:“此外,我們尤其熱衷於完成SemaConnect正在開發的DCFC充電器並將其推向市場。利用這些努力,Blink可以顯著加快我們的DCFC上市速度,同時大幅降低我們的研發成本。”
Blink打算將SemaConnect的充電器轉變為由一個聯合工程團隊開發的單一最先進的網絡,該網絡在收購後幾乎翻了一番。SemaConnect硬件的加入進一步加速了Blink在多個城市和地區的擴張,包括加利福尼亞州,在加州,SemaConnect充電器已經符合當地對刷卡功能的要求。
SemaConnect成立於2008年,是市場領先者,擁有一系列產品,包括Level 2和DC快速充電器,以及提供全套電動汽車充電解決方案的充電即服務計劃。SemaConnect的硬件和軟件解決方案覆蓋了美國和加拿大的市政、停車場、多户、酒店、辦公室、零售和商業領域的各種關鍵電動汽車充電客户。主要客户包括世邦魏理仕、仲量聯行、海因斯、灰星、阿瓦隆貝社區、思科、通用電氣等。
SemaConnect的高管將繼續為Blink集團旗下的SemaConnect工作。SemaConnect首席執行官Mahi Reddy和首席運營官Marc Pastrone簽署了新的聘書,並將留任。SemaConnect首席技術官哈莎·科拉拉馬賈魯將加盟Blink,擔任執行副總裁兼全球製造主管。
“通過收購SemaConnect和Blink最近的收購,包括在歐洲的EB充電和藍角,我們極大地擴大和加強了我們作為電動汽車領域全球領導者的地位,”法卡斯説。
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關於眨眼充電
電動汽車充電設備的領導者Blink Charging Co.(納斯達克股票代碼:BLNKW)已經在19個國家部署了超過48,000個充電端口,其中許多是聯網的電動汽車充電站,使電動汽車司機能夠在Blink全球任何一個充電地點輕鬆充電。BLINK的主要產品和服務包括BLINK電動汽車充電網絡(“Blink Network”)、電動汽車充電設備、電動汽車充電服務,以及最近收購的產品和服務,包括Blue Corner和BlueLA。Blink Network使用專有的、基於雲的軟件來操作、維護和跟蹤連接到網絡的電動汽車充電站以及相關的充電數據。預計到2025年,全球電動汽車購買量將從2019年的約200萬輛增加到1000萬輛,Blink已經建立了關鍵的戰略合作伙伴關係,在各種地點推出採用,包括停車設施、多户住宅和公寓、工作場所、醫療保健/醫療設施、學校和大學、機場、汽車經銷商、酒店、混合用途市政地點、公園和娛樂區、宗教機構、餐館、零售商、體育場、超市和交通樞紐。欲瞭解更多信息,請訪問
前瞻性陳述
本新聞稿包含修訂後的1933年證券法第27A節和修訂後的1934年證券交易法第21E節所界定的前瞻性陳述。這些前瞻性表述以及“預期”、“預期”、“打算”、“可能”、“將”、“應該”以及其他類似術語都涉及風險和不確定因素,因為它們與事件有關,並取決於未來發生的情況。這些陳述包括關於Blink Charge及其管理層成員的意圖、信念或當前預期的陳述,以及此類陳述所基於的假設。提醒潛在投資者,任何此類前瞻性聲明都不能保證未來的業績,包含風險和不確定性,包括與收購SemaConnect相關的風險,以及Blink Charge在預期時間框架內整合收購業務並實現預期水平以上的收入、成本節約和收益水平的能力,以及Blink Charge在提交給美國證券交易委員會的定期報告中描述的其他風險,實際結果可能與此類前瞻性聲明中預期的結果存在實質性差異。除非聯邦證券法要求,否則Blink Charge沒有義務更新或修改前瞻性陳述,以反映變化的情況。
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郵箱:pr@BlinkCharging.com
Blink投資者關係聯繫人
郵箱:ir@BlinkCharging.com
855-313-8187
譯文內容由第三人軟體翻譯。
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