Wallbox Announces Six Month Milestones in The Acquisition of ABL, A German Leader in EV Charging
Wallbox N.V. (WBX)
Company Research
Source: Business Wire
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox, a global leader in electric vehicle (EV) charging and energy management solutions, announced a number of key strategic milestones since their acquisition of ABL, an industry pioneer and German leader in EV charging. The integration of ABL into the Wallbox Group has already yielded encouraging results that will strengthen both companies' ability to support the EV transition."We are immensely proud of what we have achieved in the first six months following Wallbox’s acquisition of ABL," said Jaume Ferre, Co-CEO of ABL and CTO of Wallbox. "The synergies between our companies have allowed us to move forward quickly with product integrations. We only expect this cadence to continue and to strengthen our ability to set new standards for innovation, reliability, and customer experience."Ferdinand Schlutius, Co-CEO of ABL, echoed this sentiment, stating, "The past six months have been a testament to the power of collaboration and having a shared
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- Wallbox (NYSE: WBX) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $5.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
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Analyst Actions
- 5/10/24 - Canaccord Genuity
WBX
Sec Filings
- 6/7/24 - Form 6-K
- 5/29/24 - Form 144
- 5/9/24 - Form 6-K
- WBX's page on the SEC website