Global industrial technology company Vontier has acquired Driivz, the end-to-end electric vehicle charging and smart energy management software platform.
Driivz will be run independently as a wholly-owned subsidiary of Vontier. Founder Doron Frenkel and will continue to act as CEO. The acquisition accelerates Vontier’s e-Mobility Strategy
“This acquisition will accelerate our market leadership in EV charging and smart energy management,” said Frenkel. “With the most scalable platform, innovative technology and flexible business models, we can drive broader and deeper impact at a global scale. Our commitment is to our customers and to our motivated team of experts, who we will continuously cater for customers’ current and future needs.”
“Vontier believes the next decade could bring the most significant changes to global mobility since the invention of the automobile. Clean, efficient fueling technology is no longer optional,” said Mark Morelli, president and CEO of Vontier. “The acquisition of Driivz accelerates our portfolio diversification and e-mobility strategies toward long-term secular growth drivers and positions us well to capitalize on the global EV Charging Infrastructure (EVCI) market opportunities. Driivz provides us with market leading technologies within the highest growth, most profitable network management software market segment. We are excited to offer our customers best-in-class software that is hardware agnostic and the ability to continue to own the consumer experience.”