Core Insights - Blink Charging Co. has announced the acquisition of 100% equity of Zemetric, a company specializing in charging infrastructure solutions for fleets, expected to close by July 11, 2025 [1][3] - Zemetric's solutions are designed to be highly reliable and interoperable, aimed at simplifying the transition from internal combustion engines (ICE) to electric vehicles (EV) [2][3] - The acquisition is part of Blink's strategy to enhance its product offerings and build a smarter, more connected charging ecosystem [3][4] Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - The company operates Blink Networks, which utilize proprietary cloud-based software for managing and tracking EV charging stations [6] Leadership Changes - Harmeet Singh, founder of Zemetric, has been appointed as the new Chief Technology Officer of Blink, bringing extensive industry experience [4] - Other key personnel from Zemetric, including Bonnie Datta and Kapil Singhi, will also join Blink in senior roles to enhance its leadership team [4]

Core Viewpoint - Blink Charging Co. is implementing a strategic restructuring plan aimed at enhancing operational efficiencies and positioning the company for long-term growth and profitability in the evolving global market [1][3]. Workforce Reduction - The company plans to reduce its global workforce by approximately 20% to streamline operations and align resources with its strategic priorities, which is expected to yield annualized savings of over $11 million [2]. - The estimated costs related to this workforce reduction will be between $1 million and $1.5 million, covering cash severance and other restructuring costs, with completion expected by the end of Q3 2025 [2]. BlinkForward Initiative - The BlinkForward initiative reflects the company's commitment to innovation and efficiency, aiming to create a more focused and agile organization that can respond to market dynamics and seize growth opportunities [3]. - This initiative prioritizes sustainable innovation, customer-centric solutions, and enhanced shareholder value [3]. Leadership Statement - The President & CEO of Blink emphasized that the restructuring is a proactive measure to build a more efficient organization aligned with strategic goals, ensuring long-term success [4]. - The company is committed to supporting affected employees through severance packages and outplacement services [4]. Competitive Positioning - The strategic realignment under the BlinkForward initiative is expected to strengthen the company's competitive positioning, improve financial performance, and lay a solid foundation for future innovation and market leadership [5]. Company Overview - Blink Charging Co. is a global leader in electric vehicle charging equipment and services, providing innovative solutions for drivers, hosts, and fleets to transition to electric transportation [6]. - The company's offerings include EV charging networks, equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6].