EV charging and energy management solutions provider, Wallbox has revealed the acquisition of COIL, a leading EV charging installation service in the U.S.
This acquisition will allow Wallbox to offer key partners including Auto OEMs, Utilities and Dealerships in North America a one-stop shop for EV charging installation and maintenance services.
The acquisition highlights Wallbox’s commitment to the North American EV charging market and follows the announcement of new warehouse facilities across the US and Canada. Wallbox also anticipates production to begin in their recently announced factory in Arlington, Texas this fall.
“We are thrilled to bring the COIL team, their industry expertise and leading EV charging installation services into the Wallbox family,” said Douglas Alfaro, General Manager of North America at Wallbox. “This acquisition allows us to further enhance our service offerings to our customers in residential and commercial settings, while also expanding into the rapidly growing DC Fast EV Charging installation market.”
“This is an exciting time for COIL and we are looking forward to expanding our presence across North America with Wallbox,” said Bobby Penn, Founder and General Manager of COIL Inc. “We have been working with Wallbox on special projects for the last year but this combination will allow us to expand our breadth and footprint to better support our customers and the accelerating EV market in North America.”
COIL has a nationwide presence in the United States, consisting of a network of on-staff installation management teams, and trusted third-party installation partners.
With the addition of COIL’s services to their existing EV charging installation portfolio, Wallbox will enhance its customer experience by being able to extend all-in-one solutions with nationwide reach to strategic partners and special projects.