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Blink Charging acquires SemaConnect
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EV Economy
Jun 15, 2022

Blink Charging acquires SemaConnect

M&A

  • Blink Charging, a Nasdaq-listed EV charging station developer, has signed an agreement to acquire SemaConnect for USD 200 million. The deal adds around 13,000 EV chargers and 3,800 site locations to Blink’s existing portfolio.

  • Blink expects to benefit from SemaConnect’s R&D, design, and manufacturing capabilities, reportedly making it the only EV charging company to offer complete vertical integration from R&D to in-house manufacturing as well as engineering.  

  • Analyst QuickTake: SemaConnect is the third-largest EV charging infrastructure manufacturer in North America in terms of total charging stations deployed, with a market share of around 6% in 2020 (behind ChargePoint and Tesla). On the other hand, Blink manufactures and operates EV charging stations across the Americas, Europe, and the Middle East. The company had a North American market share of around 3% as of 2020.

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