Zaptec completed the acquisition of NovaVolt.

Zaptec, a producer of charging system for electric vehicles, completed the acquisition of NovaVolt, a electric car components producer. Financial terms were not disclosed. "Closing of this transaction will combine two companies with a strong market position in the EV charging market. The EV market is growing fast in Switzerland and with a stronger team of professionals in the combined company we will increase our profitable sales growth and offer exciting careers for our management and employees", Anders Thingbø, Zaptec CEO.