Ampol agrees to buy Evie for AUD 225.00 million, and Ampol stock gets an EV test
Published on 10/01/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ampol stock faces an AUD 225.00 million expansion test after Ampol agreed to acquire Evie Networks on October 1, 2026. According to Ampol, the transaction would add more than 1,030 charging bays and create a combined platform of approximately 1,425 bays across more than 400 sites.
Evie adds charging scale
Ampol Energy agreed to acquire 100.00 percent of Fast Cities Australia, the owner of Evie Networks, for AUD 225.00 million. Reuters reported on October 1, 2026, that the deal would strengthen Ampol's position in Australia's public electric vehicle charging market.
The purchase remains subject to clearance by the Australian Competition and Consumer Commission and is expected to complete in the first half of 2027. Until completion, Ampol and Evie will operate independently, according to the company announcement dated October 1, 2026.
Usage growth supports the strategy
The acquisition arrives after a sharp increase in AmpCharge activity. Ampol said charging sessions rose 116.00 percent and energy supplied increased 120.00 percent in the first half of 2026, giving the deal an operating metric beyond the added site count.
Business News Australia reported that the combined charging operation is expected to reach annualized EBITDA of AUD 30.00 million within three years of ownership, including synergies, while Ampol is targeting AUD 10.00 million in cost synergies over three years. The report also said breakeven EBITDA is expected in 2028, making integration and capital discipline central to the investment case.
Ampol broadens its energy mix
Ampol remains anchored in fuel retailing, refining and convenience, but the Evie transaction increases its direct exposure to public charging infrastructure. The combined footprint of approximately 1,425 bays would be more than four times the additional 300 bays cited for Ampol's existing network in coverage by The Driven on October 1, 2026, although the two figures describe different parts of the network.
The company expects the transaction to build scale ahead of rising charging demand, while the ACCC process and the first-half 2027 completion schedule define the near-term execution risk. For investors, the key test is whether the added sites convert Ampol's reported charging growth into the AUD 30.00 million annualized EBITDA goal.
Stock context for the acquisition
Ampol Limited is listed on the ASX under ticker ALD. Its latest company announcement dated October 1, 2026, provides the transaction catalyst, while the first-half 2026 charging figures supply a measurable operating comparison for the expansion.
Ampol stock key facts
- Company: Ampol Limited
- ISIN: AU000000ALD9
- Ticker: ALD
- Primary exchange: ASX
- Acquisition value: AUD 225.00 million, announced October 1, 2026
- Combined charging network: Approximately 1,425 bays across more than 400 sites
- Expected completion: First half of 2027, subject to ACCC clearance
