Ampol Energy has signed an agreement to acquire 100% of Evie Networks, operator of one of Australia’s leading public electric vehicle (EV) charging networks, for $225 million.
The acquisition is expected to add more than 1,030 EV charging bays to Ampol’s network, creating a combined platform of approximately 1,425 bays nationally, across more than 400 sites.
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On completion, the combined AmpCharge and Evie network is expected to become one of Australia’s largest public EV charging platforms.
Ampol managing director and CEO Matt Halliday said the acquisition of Evie positioned Ampol to capture growth as the uptake of EVs and charging demand continued to gather momentum.
“For Ampol, EV charging is ultimately a question of disciplined investment at the right time. That means closely monitoring customer behaviour, EV uptake, site economics, grid connections and the broader charging network to ensure our capital is deployed where it can create the greatest value,” Halliday said.
“Our job is to be there for customers with what they need, when they need it, as they choose vehicle technology that suits their needs.
“Evie’s high-quality, attractive long-term tenure sites with established grid connections, and some with expansion capacity, provides Ampol with an opportunity to grow its charging footprint at scale and at pace.”
This acquisition remains subject to regulatory approval and is anticipated for completion in the first half of 2027.
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Ampol and Evie will continue to operate independently until such time as regulatory approval is obtained and the acquisition completes.
