Kensington Capital Acquisition Corp. II (KCAC) to Combine with Wallbox in $1.5Bn Deal

Kensington Capital Acquisition Corp. II (KCAC) to Combine with Wallbox in $1.5Bn Deal

Kensington II (NYSE:KCAC) has entered into a definitive agreement to combine with electric vehicle (EV) charging station provider Wallbox at an enterprise value of $1.477 billion, or 18.7x its 2021E revenue. Barcelona-based Wallbox provides a suite of EV-charging hardware and energy management systems for residential, semi-public and public use in 67 countries. The combined entity
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