In a bid to expand its business vertically, Blink Charging Co. (NASDAQ: BLNK) has agreed to acquire SemaConnect, Inc. in a cash and stock deal worth $200 million. The completion of the transaction is subject to the fulfillment of customary closing conditions. Blink Charging views this buyout to be in line with the Biden government’s Buy American initiative and $7.5 billion EV infrastructure bill. Shares of the $642.4-million company grew 5.6% to close at $15.03 on Tuesday. Inside the Headlines SemaConnect is well-positioned in the electric vehicle (EV) market, serving customers in retail, municipal, commercial, hotel, and other end markets.
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