Herbert Smith Freehills Advised Exicom On Strategic Acquisition Of Tritium's Businesses
Herbert Smith Freehills Advised Exicom On Strategic Acquisition Of Tritium's Businesses
Herbert Smith Freehills has advised Exicom Tele-Systems Limited (Exicom), India's largest EV charger manufacturer headquartered in New Delhi, on the acquisition by its Netherlands-based subsidiary, Exicom Power Solutions BV, of the assets and business of Tritium Group (Tritium) in the US and Australia through insolvency proceedings.
Exicom, a market leader in power management solutions listed in India, provides advanced EV charging and energy storage solutions across more than 15 countries. Tritium, previously listed on NASDAQ and headquartered in Australia, specializes in designing and manufacturing proprietary hardware and software for advanced DC fast chargers for electric vehicles (EVs).
This landmark acquisition positions Exicom for significant long-term growth, adding Tritium's manufacturing facility in Tennessee, US, and a world-class engineering center in Brisbane, Australia, to Exicom's existing operations in Asia.
Herbert Smith Freehills’ cross-border team, led by Corporate Partner Siddhartha Shukla in London and Paul Apáthy, Partner and global co-head of Restructuring, Turnaround, and Insolvency in Australia, collaborated closely with Exicom's senior management and Indian law firm Shardul Amarchand Mangaldas.
The Herbert Smith Freehills team included Partners Dhananjaya Chak, James Robinson, Tess Mierendorff, Peter Dalton, Nick Wright, Rohan Doyle, Andre Pretorius, Joseph Falcone, John Chetwood, Luke Simpson, Patrick Gay, Sebastian Taylor, and Jinny Chaimungkalanont.
The wider team included Lauren Jeffries, Raj Mathew, Li-Lian Yeo, Margaret Fong, Arina Abgaryan, Shereen Goh, Toby Goodman, Lily Davies, Tim Gollan, Tyler Hendry, David Peraza, Maria Falcao de Andrade, Adam Ray, Lydia Moore, Ben Elkington, Sam Tappenden, Joanne Holbrook, Samuel Gonski, Christopher Boyd, Jasmine Gharib, Owen Roberts, Kate Devlin, Emily Shapiro and Jonathan Wu.
Sid Shukla commented, "We are delighted to have supported Exicom on this strategically important cross-border transaction for them. It is a great example of Indian businesses with remarkable international ambitions."
Paul Apáthy added, "The transaction was undertaken in a very short timeframe, and I’m proud of the amazing work undertaken by the HSF team to help Exicom reach agreement in these conditions."
