Leading power and automation technology group ABB has acquired 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.
Founded in 2005, Epyon is headquartered in Rijswijk, Netherlands with an R&D centre in Eindhoven and sales resources across Europe. Epyon's 50 staff worldwide will join ABB when the acquisition is completed.
A Pike Research reports says that the growing number of electric vehicles is driving a global market opportunity for vehicle charging solutions including supporting technologies to equip the electrical grid with more sophisticated monitoring systems and software. EV charging station unit sales are expected to multiply rapidly over the next five years, and reach 1.6 million units globally by 2015.
Epyon’s DC fast-charging stations have been in commercial use since May 2010, and reduce charging time to 15 minutes compared to 6-8 hours using a standard AC charger outlet.
Charging stations can also monitor conditions and requirements by linking billing and administrative needs using Epyon’s equipment and software.
According to Ulrich Spiesshofer, head of ABB's Discrete Automation and Motion division, the acquisition gives ABB access to competitive products, key network management software, and a robust maintenance service business model, which ideally complements their own offering.
Hans Streng, Epyon’s CEO comments that ABB's brand recognition and strong global presence will accelerate the growth of a combined Epyon - ABB offering, and provide access to key customers and partners.
Mr Streng has led the company over the last year and will stay on as an experienced industrial leader of the combined business. He adds that Epyon’s existing business is complemented by ABB’s strong power electronics platform, global manufacturing footprint as well as its supply, marketing and service network.
This strategic purchase follows last year’s investment in San Francisco-based ECOtality, a clean electric transportation and storage technologies company, which enabled ABB to enter North America’s electric vehicle charging market.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. ABB Australia represents the ABB Group’s interests in Australia.