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ABB Acquires Epyon to Expand Offering in EV Charging Infrastructure

Fri, 07/08/2011 - 12:21pm
PowerPulse.net

ABB announced the acquisition of Epyon B.V., an early leader in electric vehicle charging infrastructure solutions focusing on dc fast-charging stations and network charger software. The acquisition is in line with ABB’s strategy to expand its global offering of electric vehicle infrastructure solutions.

"This acquisition gives ABB access to competitive products, key network management software, and a robust maintenance service business model, which ideally complements our own offering," said Ulrich Spiesshofer, head of ABB’s Discrete Automation and Motion division. Founded in 2005, Epyon is headquartered in Rijswijk, Netherlands, has an R&D center in Eindhoven and sales resources across Europe. Both parties agreed not to disclose financial details of the transaction. Epyon’s 50 staff worldwide will join ABB when the acquisition is completed.

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