Wallbox to acquire ABL for €15m.

Wallbox, a technology company that provides electric vehicle charging and energy management solutions, agreed to acquire ABL, a charging infrastructure manufacturer in automotive & energy industry, for €15m. “The ABL team is glad to have found a strong partner in Wallbox who shares our vision of an emissions-free world. Together, we will proceed with our planned strategic steps and successfully launch our next generation EV charger, the eM4 and our new Schuko program in the market. With ABL and Wallbox's EV solutions complementing each other perfectly, we will hold a unique position in the market to meet the needs of all our customers," Ferdinand Schlutius, ABL Co-CEO.