# Zaptec acquires NovaVolt AG in Switzerland

Zaptec Charger AS, a subsidiary of Zaptec, signed a purchase agreement to acquire 100% of NovaVolt AG in Switzerland for up to NOK 98.6 million, including cash and shares.

- Type: Acquisition
- Announced: 2021-06-25
- Where: Switzerland, Switzerland
- Value: $11.5M (98.6M NOK)
- Status: announced
- Products: electric vehicle charging systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Zaptec](https://endata.com/companies/56071.md) (acquirer)
- [NovaVolt AG](https://endata.com/companies/56072.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ZAPTEC-ASA-113464121/news/Zaptec-acquires-NovaVolt-AG-35703553/), 2021-06-25: "The acquisition ensures Zaptec control over a larger part of the value chain for the sale of charging systems in a strongly growing electric car market in Switzerland."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.