We are delighted to announce our acquisition of Chargestorm AB, a market-leading Swedish developer of products and systems for the charging of electric vehicles, to support our entry into the electric vehicle market.
As a global leader in battery management solutions, entry into the electric vehicle market will enable us to build further upon our solid base and become a major force in this dynamic, growing sector.
Our new colleagues from Chargestorm will bring additional expertise to our business, to support the development of the most advanced electrical vehicle charging solutions. We want to build upon what they have achieved already within the energy & facilities markets here in Scandinavia. We have proven capability and strong relationships with vehicle manufacturers to enable us to drive the development, manufacture and distribution of products and systems for electric vehicles on a global scale.
The combination of Chargestorm’s cutting edge technology and our globally renowned expertise in battery charging means we have increased resource to continue to push the boundaries of research and development to bring to the market new, exciting and innovative products.
There are many synergies between the two companies; we have the same core values based on quality, safety, ease of use and maximizing battery performance. We are looking forward to developing strong relationships with Chargestorm customers as well as introducing this exciting technology to our existing customer base.