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Announced

Blink Charging to acquire SemaConnect for $200m.

Financials

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Transaction Value£163m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Single Bidder

Acquisition

Majority

Pending

EV charging solutions

Auto Services

Private

Friendly

Private Equity

Synopsis

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Blink Charging, an owner, operator, and provider of electric vehicle charging equipment and services, agreed to acquire SemaConnect, a provider of EV charging infrastructure solutions in North America, for $200m. "This is a transformative acquisition for the EV charging industry and for Blink. SemaConnect is an established and well-known EV charging company with a proven track record of success, strong relationships with its site host partners in both the public and private sectors, and best-in-class technical capabilities," Michael D. Farkas, Blink Charging Founder and CEO.

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