Wallbox, the EV charging and energy management specialist, said it would acquire ABL for EUR15m.

The combined companies would have around 1m EV chargers installed worldwide.

Wallbox would acquire the majority of ABL’s operating assets including a factory in Germany and a component facility in Morocco.

Enric Asuncion, co-founder and CEO of Wallbox said in a statement: “We are excited to welcome and invest in the continuation of ABL, an early pioneer in electric mobility.”

ABL will maintain its operational structure, production facilities and headquarters under its own brand.

Ferdinand Schlutius, co-CEO of ABL said: “Together, we will proceed with our planned strategic steps and successfully launch our next generation EV charger, the eM4 and our new Schuko programme.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Wallbox and ABL customers will gain access to a range of AC and DC EV charging and energy management products plus a larger domestic servicing network.

The product line also includes charging packages which comply with German calibration regulations.

The transaction is expected to close in Q4 2023.