Ampol Limited (ASX: ALD) has agreed to buy Evie Networks, a national public fast charging operator. The Company will pay A$225 million for 100% of the shares. This Ampol EV network integration would lift its charging network to about 1,425 bays.
Ampol announced the deal on 1 Oct 2026 in Sydney. Completion depends on clearance from the Australian Competition and Consumer Commission (ACCC). It is a clear step in the Company’s fuel-to-future-energy strategy. The deal also sits within the retail energy transition Australia is going through.
Ampol EV Network Integration: Deal Terms at a Glance
Ampol Energy Pty Ltd, a wholly owned subsidiary, will acquire Fast Cities Australia Pty Ltd, which trades as Evie Networks. Transaction documents were signed on 1 Oct 2026.
| Item | Detail |
| Buyer | Ampol Energy Pty Ltd |
| Target | 100% of Fast Cities Australia Pty Ltd (Evie Networks) |
| Acquisition price | A$225 million |
| Funding | Existing debt facilities |
| Credit rating | Baa1 investment-grade commitment maintained |
| Targeted completion | First half of 2027, subject to ACCC clearance |
How Evie Networks Strengthens the Fuel-to-Future Energy Strategy
What Evie Networks Brings
Evie Networks was founded in 2017 and has nine years of operating experience. It runs 1,031 DC charging bays across 322 sites. About 380,000 customers had registered through its app as at 29 Sep 2026.
Its sites carry a weighted average lease expiry of about 10 years, including options. Some sites have roughly 20MW of spare grid capacity for faster charging upgrades. Evie sold 142 kWh per bay per day in September.
Figure 1: Evie Networks charging bay with a connected electric car [Courtesy: Ampol Limited]
What Ampol Adds
Ampol has more than five years of charging experience across Australia and New Zealand. Its AmpCharge network has 393 bays. The Company also leads in fuel cards and fleet relationships. The deal gives it network scale ahead of expected growth in fleet charging demand.
Retail Energy Transition Australia: Demand Behind the Deal
Ampol says battery electric vehicle (BEV) sales have exceeded 20% of new cars sold, on average, over the last five months. The National Vehicle Emissions Standard and fringe benefits tax continue to support purchases. Lower cost models are also narrowing the ownership cost gap with internal combustion engine vehicles.
Ampol also notes that public charging infrastructure lags BEV uptake. The Company expects high-quality sites with energy access to see higher utilisation and returns. That gap is the opening behind this retail energy transition Australia story.
Figure 2: Electric vehicle uptake compared with public fast charging growth in Australia [Courtesy: Ampol Limited]
Ampol EV Network Integration Creates a Larger Charging Footprint
Ampol says the combined Evie and AmpCharge network would rank first in Australia by number of bays. It would hold 1,424 bays, ahead of Tesla at 1,230 and Chargefox at 1,175.
| Charger type | Evie Networks | AmpCharge | Combined |
| 50 to 75 kW | 369 | Nil | 369 |
| 100 to 150 kW | 178 | 53 | 231 |
| 180 to 300 kW | 15 | 141 | 156 |
| 350+ kW | 34 | 5 | 39 |
| Total DC chargers | 596 | 199 | 795 |
| Total bays | 1,031 | 393 | 1,424 |
| Installed capacity (kW) | c. 63,050 | c. 33,000 | c. 96,050 |
Ampol says charger sizes range from 50kW to 350kW+, covering destination stops through to ultra-fast corridor charging. The Company also says the combined bays align with its COCO fuel sites.
| State or territory | Combined network bays | Ampol COCO fuel sites |
| NSW / ACT | ~39% | ~34% |
| VIC | ~27% | ~23% |
| QLD | ~26% | ~23% |
| WA | ~4% | ~11% |
| SA | 2% | ~6% |
| TAS | ~1% | ~2% |
| NT | <1% | ~1% |
Ampol Limited (ASX: ALD) Share Price
- Last traded price: A$43.00 per share
- Market capitalisation: A$10.50 billion
- 52-week range: A$27.58 to A$45.49 per share
- 2026 year to date: +34.72%
- One-year performance: +42.53%
- One-year performance versus sector: +15.58%
Industry Outlook
Ampol describes public fast charging as a high-growth segment. It says BEV sales are rising faster than public charging infrastructure. Vehicle makers and battery technology are also likely to improve range and choice. For the energy sector, charging may soon sit alongside fuel in the retail energy transition Australia is undergoing.
Future Direction and Impact on Ampol’s Earnings and Charging Capacity
Ampol targets annualised EBITDA of A$30 million or more within three years of completion, including synergies. It expects double-digit annual growth after that. About A$10 million of mostly cost synergies is targeted in the same period.
Ampol calls the deal “an opportunity to accelerate our strategy to develop a leading public charging offer”. The Company keeps flexibility to match capital investment to BEV uptake. Investors should watch whether the fuel-to-future energy strategy delivers on these targets once the Ampol EV network integration completes.
Colitco will keep tracking how Ampol delivers on its charging network plans.
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FAQs
Q1. What does the Ampol EV network integration involve?
Ans. Ampol Energy Pty Ltd will buy 100% of Evie Networks for A$225 million.
Q2. When will the deal be completed?
Ans. Completion is targeted for the first half of 2027, subject to ACCC clearance.
Q3. How many charging bays will Ampol have?
Ans. About 1,425 bays across Australia, combining the Evie and AmpCharge networks.
Q4. How will Ampol fund the purchase?
Ans. It will use existing debt facilities, in line with its Capital Allocation Framework.
Disclaimer
This article is for informational purposes only. All company data is sourced from the Ampol ASX announcement, and share price data is taken from market data supplied. Please verify all figures before making any decision. Investing carries risk, and any investment is made at the investor’s own risk. Colitco does not hold a position in the above-mentioned Company.
Luke Carlino is a seasoned Copywriter, Content Strategist, and Social Media Manager specialising in Mining, Finance, and Business journalism. With more than a decade of industry experience, he brings rigorous editorial standards and commercial acuity to every project.
