"Facilities management and catering firm Spotless Group is in talks with United States battery storage and electric car pioneer Tesla over long-term plans to oversee thousands of vehicle car charging stations in Australia, as it remakes itself as a provider of one-stop-shop technology solutions for corporate customers."
"The Nuvo acquisition, which cost less than $25 million, is part of the Spotless shift."
That price is new information to me, there was a discussion about it here a while back, price was not disclosed, but revenue was said to be $50-70M, so seems like a good buy.
"Spotless was in preliminary talks with Tesla and other battery storage and electric car firms about operating the infrastructure for the thousands of charging stations needed in cities and on highways around Australia.
Spotless is trying to get on the front foot, with experts predicting that by 2030 there would be 5 million electric cars on Australia's roads."
"Mr Sheppard said Spotless expects about 30 per cent of its revenues, about $900 million, to come from technology and emerging technologies within five years."
http://www.copyright link/business/...ons-as-technology-accelerates-20170123-gtx5d8
The Metric of Six., page-16
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