Blink Charging Company, a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, will acquire SemaConnect, Inc., provider of EV charging infrastructure solutions in North America, for $200 million.
The transition 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. The company will be the only EV charging company offering complete vertical integration from research and development and manufacturing to EV charger ownership and operations, according to a Blink statement.
The acquisition will allow Blink to assist the Biden Administration’s development of a national half-million EV charger network, interoperable among different charging companies, user-friendly, reliable, and accessible to all Americans. Acquiring the SemaConnect Marlyand manufacturing facility will enable Blink to position itself to capitalize on the $7.5 billion administration EV infrastructure bill.
Blink looks to have an EV charging station for any location across more than 20 countries and expanding, said Michael D. Farkas, founder and CEO of Blink Charging. “In addition, we are particularly excited about the DCFC charger being developed by SemaConnect. These efforts allow Blink to significantly accelerate our DCFC speed to market while drastically reducing our R&D costs.”
SemaConnect’s chargers will transition to a single state-of-the-art network developed by a joint Blink/SemaConnect engineering team. Founded in 2008, SemaConnect offers a diverse suite of products, including Level 2 and DC Fast chargers, and charging-as-a-service program that provides a full package of EV charging solutions.
With the SemaConnect acquisition and other recent transactions in European, including EB Charging and Blue Corner, Blink has significantly expanded and strengthened its global position in the EV space, according to Farkas.