Wallbox Announces Six Month Milestones in The Acquisition of ABL, A German Leader in EV Charging
"We are immensely proud of what we have achieved in the first six months following Wallbox’s acquisition of ABL," said
Key Milestones:
- The launch of the ABL Pulsar: The launch of the ABL Pulsar marks the first joint product from the acquisition. This innovative charging solution, which is based on Wallbox’s worldwide best-selling charger, Pulsar Plus, has been designed specifically to meet the unique needs of the German home-charging market. The charger is now available to customers throughout the DACH region.
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Cross-selling to
Wallbox customers:Wallbox launched the eM4 acrossEurope in March. The eM4, is a state-of-the-art EV charger designed by ABL, specifically for commercial and shared spaces such as fleets, public parking, workplaces and condominiums. -
Joint participation in Light +
Building Trade Show inFrankfurt, Germany : ABL made its presence felt at Light + Building, the first major trade show attended since its incorporation into theWallbox Group . This trade show, which received over 151,000 visitors from around the world, provided an excellent opportunity to showcase the ABL Pulsar and the Group’s cross-selling strategy. -
Co-development of a fast charging solution: ABL and
Wallbox plan to launch a Supernova fast charger for public application in the German market. Given ABL’s extensive experience in German product compliance and Wallbox’s success developing reliable DC fast chargers, the Group expects to launch a DC fast charger inGermany later this year. -
Integrated sales efforts:
Wallbox and ABL have consolidated their DACH sales strategy. Led by ABL’s experienced team, the regional sales strategy leverages the Group’s strong combined portfolio, which covers the majority of the market's needs.
The integration of ABL into the
About
Founded in 2015 in
About ABL:
ABL has been producing charging stations for private, commercial and public use since 2011, making them one of the pioneers of electromobility. Today, ABL is one of the largest manufacturers of charging infrastructure in
For more information, visit www.abl.de/en/
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the private placement. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between
View source version on businesswire.com: https://www.businesswire.com/news/home/20240522616269/en/
Wallbox PR Contact:
Global Head of Public Relations
elyce.behrsin@wallbox.com
Wallbox IR Contact:
Investors@wallbox.com
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