Blink Charging announced today the signing of a definitive agreement to acquire SemaConnect, Inc., a leading provider of EV charging infrastructure solutions in North America, for 200 million dollars, subject to certain customary adjustments for working capital. The cash and common stock transaction will add nearly 13,000 EV chargers to Blink’s existing footprint, an additional 3,800 site host locations, and more than 150,000 registered EV driver members.
Michael D. Farkas, Founder and CEO of Blink Charging said “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.”
Blink Charging is a leader in electric vehicle charging equipment and has deployed over 30,000 charging ports across 18 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink’s principal line of products and services include the Blink EV charging network, EV charging equipment, EV charging services, and the products and services of recent acquisitions, including Blue Corner and SemaConnect.
Shares of Blink Charging are available on the NASDAQ and trade under the ticker symbol $BLNK. For more information visit www.greenstocknews.com
Blink Charging announced today the signing of a definitive agreement to acquire SemaConnect, Inc., a leading provider of EV charging infrastructure solutions in North America, for 200 million dollars, subject to certain customary adjustments for working capital. The cash and common stock transaction will add nearly 13,000 EV chargers to Blink’s existing footprint, an additional 3,800 site host locations, and more than 150,000 registered EV driver members.
Michael D. Farkas, Founder and CEO of Blink Charging said “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.”
Blink Charging is a leader in electric vehicle charging equipment and has deployed over 30,000 charging ports across 18 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink’s principal line of products and services include the Blink EV charging network, EV charging equipment, EV charging services, and the products and services of recent acquisitions, including Blue Corner and SemaConnect.
Shares of Blink Charging are available on the NASDAQ and trade under the ticker symbol $BLNK. For more information visit www.greenstocknews.com
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