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New Deal


Announced

Completed

Schneider Electric completed the acquisition of EV Connect.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Single Bidder

Mobility

Friendly

Productivity Software

Majority

electric vehicle charging

Private

Cross Border

United States

Synopsis

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Schneider Electric, a French multinational company that specialises in digital automation and energy management, completed the acquisition of EV Connect, a developer of an innovative, robust, flexible cloud-based software. "We are thrilled to partner with Schneider Electric. They not only support our strategic goals, but fully embrace the value of electricity as a transportation fuel managed by a robust and feature-rich networked EV charging platform. With Schneider we are positioned to strengthen our presence in the EV market, and we look forward to the journey as we open a new chapter for EV Connect," Jordan Ramer, EV Connect CEO and Founder.

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