IPD Group Limited is pleased to announce the acquisition of Gemtek Group Pty Ltd. This acquisition provides IPD with a complete, end-to-end solution in the fast-growing electric vehicle charger market – from design through to installation and commissioning.
Gemtek Group Pty Ltd, is a provider of end-to-end solutions to the electric vehicle charger market in Australia and has worked on electric vehicle charging projects across the residential, fleet, and commercial sectors.
IPD’s CEO, Michael Sainsbury, said he was very pleased with the Gemtek acquisition and the future growth prospects that it provides for IPD, “While the relatively small scale of Gemtek reflects the current early life cycle state of the Australian EV charger market, this is an excellent business that provides a springboard for securing future growth in a market with rapid and exponential expansion expectations”.
Edward Kestel, Gemtek MD said; “Gemtek’s corporate mission has been to become a leading provider of EV charging infrastructure and network management solutions. Our acquisition by IPD enables us to realise this ambition and grow Gemtek to be a major national provider to the Australian EV charging market. I am very pleased to be working with IPD and look forward to an exciting future, as this market continues to rapidly grow.”
IPD is able to provide a complete, end-to-end solution to EV charger customers including design, hardware, electrical infrastructure, installation, network management and maintenance solutions.