- 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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-此次收购在Blink现有足迹的基础上增加了近13,000个电动汽车充电器,额外的3,800个站点主机位置和超过150,000个注册的电动汽车司机会员。
-内部制造和美国组装带来Blink,符合拜登政府的购买美国货倡议
佛罗里达州迈阿密海滩,2022年6月21日(环球通讯社)亚洲网加利福尼亚州圣何塞10月23日电电动汽车(EV)充电设备和服务的领先所有者、运营商和提供商$Blink Charging(BLNK.US)$$Blink Charging Co.(BLNKW.US)$今天宣布,它已经完成了之前宣布的以现金和普通股相结合的方式收购北美领先的电动汽车充电基础设施解决方案提供商SemaConnect,Inc.的交易。这笔交易在Blink现有足迹的基础上增加了近13,000个电动汽车充电器,增加了3,800个站点主机位置,以及超过150,000个注册电动汽车司机会员。
Blink Charge现在是唯一一家提供从研发和制造到电动汽车充电器所有权和运营的完整垂直一体化的电动汽车充电公司。这种垂直整合为Blink创造了无与伦比的机会来控制其供应链,并加快其上市速度,从目前的10,000多台电动汽车充电器扩大到每年50,000台,同时降低运营成本。
BLINK将受益于SemaConnect的内部研发、硬件设计和制造能力。SemaConnect在马里兰州的制造设施将使Blink能够遵守购买美国货的要求,并使Blink能够显著利用拜登政府75亿美元的电动汽车基础设施法案,并协助政府沿着美国高速公路和社区建立首个由50万个电动汽车充电器组成的全国网络。此次收购定位于Blink,以帮助政府开发一个全国性的电动汽车充电网络,该网络提供不同充电公司之间的互操作性,并且用户友好、可靠,所有美国人都可以访问。
Blink Charge创始人兼首席执行官迈克尔·D·法卡斯表示:“我们完成这笔交易的速度是我们可以从SemaConnect强大的硬件产品线中利用整合和机遇的第一个信号。这使得Blink能够迅速将领先的电动汽车充电硬件与我们的先进软件相补充,包括我们的多语言和多货币网络。”法卡斯说:“此外,我们尤其热衷于完成SemaConnect正在开发的DCFC充电器并将其推向市场。利用这些努力,Blink可以显著加快我们的DCFC上市速度,同时大幅降低我们的研发成本。”
Blink打算将SemaConnect的充电器转变为由一个联合工程团队开发的单一最先进的网络,该网络在收购后几乎翻了一番。SemaConnect硬件的加入进一步加速了Blink在多个城市和地区的扩张,包括加利福尼亚州,在加州,SemaConnect充电器已经符合当地对刷卡功能的要求。
SemaConnect成立于2008年,是市场领先者,拥有一系列产品,包括Level 2和DC快速充电器,以及提供全套电动汽车充电解决方案的充电即服务计划。SemaConnect的硬件和软件解决方案覆盖了美国和加拿大的市政、停车场、多户、酒店、办公室、零售和商业领域的各种关键电动汽车充电客户。主要客户包括世邦魏理仕、仲量联行、海因斯、灰星、阿瓦隆贝社区、思科、通用电气等。
SemaConnect的高管将继续为Blink集团旗下的SemaConnect工作。SemaConnect首席执行官Mahi Reddy和首席运营官Marc Pastrone签署了新的聘书,并将留任。SemaConnect首席技术官哈莎·科拉拉马贾鲁将加盟Blink,担任执行副总裁兼全球制造主管。
“通过收购SemaConnect和Blink最近的收购,包括在欧洲的EB充电和蓝角,我们极大地扩大和加强了我们作为电动汽车领域全球领导者的地位,”法卡斯说。
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关于眨眼充电
电动汽车充电设备的领导者Blink Charging Co.(纳斯达克股票代码:BLNKW)已经在19个国家部署了超过48,000个充电端口,其中许多是联网的电动汽车充电站,使电动汽车司机能够在Blink全球任何一个充电地点轻松充电。BLINK的主要产品和服务包括BLINK电动汽车充电网络(“Blink Network”)、电动汽车充电设备、电动汽车充电服务,以及最近收购的产品和服务,包括Blue Corner和BlueLA。Blink Network使用专有的、基于云的软件来操作、维护和跟踪连接到网络的电动汽车充电站以及相关的充电数据。预计到2025年,全球电动汽车购买量将从2019年的约200万辆增加到1000万辆,Blink已经建立了关键的战略合作伙伴关系,在各种地点推出采用,包括停车设施、多户住宅和公寓、工作场所、医疗保健/医疗设施、学校和大学、机场、汽车经销商、酒店、混合用途市政地点、公园和娱乐区、宗教机构、餐馆、零售商、体育场、超市和交通枢纽。欲了解更多信息,请访问
前瞻性陈述
本新闻稿包含修订后的1933年证券法第27A节和修订后的1934年证券交易法第21E节所界定的前瞻性陈述。这些前瞻性表述以及“预期”、“预期”、“打算”、“可能”、“将”、“应该”以及其他类似术语都涉及风险和不确定因素,因为它们与事件有关,并取决于未来发生的情况。这些陈述包括关于Blink Charge及其管理层成员的意图、信念或当前预期的陈述,以及此类陈述所基于的假设。提醒潜在投资者,任何此类前瞻性声明都不能保证未来的业绩,包含风险和不确定性,包括与收购SemaConnect相关的风险,以及Blink Charge在预期时间框架内整合收购业务并实现预期水平以上的收入、成本节约和收益水平的能力,以及Blink Charge在提交给美国证券交易委员会的定期报告中描述的其他风险,实际结果可能与此类前瞻性声明中预期的结果存在实质性差异。除非联邦证券法要求,否则Blink Charge没有义务更新或修改前瞻性陈述,以反映变化的情况。
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