BARCELONA, SPAIN – Wallbox, a provider of electric vehicle (EV) charging and energy management solutions, announced the acquisition of Ares Electronics, a contract electronics manufacturer.
Wallbox said the acquisition will ensure it has the needed assembly capabilities while increasing innovation cycle time and improving its supply chain resilience.
Ares Electronics was founded in 1992 and performs SMT assembly and test from its facility in Pescara, Italy.
“I’m very excited to welcome Ares Electronics to Wallbox," said Enric Asuncion, CEO, Wallbox. "Ares Electronics has been a trusted provider of innovative printed circuit boards to Wallbox for years and is expected to bring unique capabilities that further differentiate our technology while improving our vertical integration. In a time where continued supply chain uncertainty persists, bringing this critical component in-house is a key differentiation."
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