Tritium Group (NASDAQ: DCFC) - Voluntary Administration

Tritium Group (NASDAQ: DCFC), a manufacturer of electric vehicle chargers, entered voluntary administration on 18 April.

Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles.

The company, which once employed as many as 600 people at its Brisbane factory, stated that parent company Tritium DCFC and three Australian subsidiaries were either insolvent or likely to become insolvent, and that the board had resolved to appoint Peter Gothard, James Dampney and William Colwell of KPMG as administrators.

Shaun Fraser, Kathy Sozou, Matthew Hutton and Jamie Harris of McGrathNicol are the receivers.