Ampol acquires Evie EV charging network

Ampol has agreed to acquire EV charging operator Evie Networks for $225 million, adding 1031 charging bays to its growing AmpCharge business and creating a combined network of around 1425 charging bays across more than 400 sites. The deal marks the biggest step yet in a strategy first outlined by the fuel retailer in 2021, when it announced plans to bring fast-charging infrastructure to its service station network before expanding into shopping centres and destination charging locations.

While the acquisition is a major development in Australia's EV charging landscape, it is also the latest chapter in Ampol's gradual transition from traditional fuel retailer to broader mobility and energy provider.

The company first outlined its EV charging ambitions in 2021 when it announced plans to install rapid chargers at 121 service stations nationwide as part of a wider $100 million investment in future energy projects.

At the time, Ampol Managing Director and Chief Executive Officer Matt Halliday said the company was well placed to support Australia's energy transition through its established infrastructure and nationwide footprint.

A year later, Ampol formally launched its AmpCharge network and unveiled plans for more than 100 charging locations around the country.

Halliday said the company's vision was to become "Australia's leading distributor of energy, providing mobility solutions for any of the vehicles our customers drive, anywhere and anytime they need it".

Since then, Ampol has steadily expanded beyond its traditional service station network.

Partnerships with Mirvac and Stockland have seen AmpCharge units rolled out at shopping centres and retail precincts around Australia, adding destination charging options for EV owners while extending the network into high-traffic locations.

The acquisition of Evie Networks significantly accelerates that growth strategy.

Founded in 2017, Evie has built one of Australia's largest public charging networks, with sites located at shopping centres, highway rest stops, fuel stations and fast-food outlets across metropolitan and regional Australia.

The addition of Evie's 1031 charging bays will more than triple Ampol's existing charging footprint.

The timing reflects the rapid growth of electric vehicle sales in Australia, which have accelerated sharply over the past 12 months as more affordable models enter the market and motorists continue to grapple with elevated fuel costs.

Ampol has already seen demand increase across its existing charging business.

The company said charging sessions on its network rose 116 per cent during the first half of 2026, while the volume of energy delivered through its chargers increased by 120 per cent over the same period.

The combined business is expected to generate annualised EBITDA of around $30 million within three years of completion, including operational synergies.

The transaction remains subject to approval from the Australian Competition and Consumer Commission and is expected to complete during the first half of 2027.

If approved, the acquisition will create one of Australia's largest public EV charging operators and give Ampol a substantially larger role in the country's transition toward electrified transport.

For a company that began its EV journey with plans for chargers at just over 100 service stations five years ago, the purchase of Evie represents its most significant commitment yet to a future beyond petrol and diesel.

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