Ampol Limited announced on 1 October 2026 that its wholly owned subsidiary Ampol Energy Pty Ltd will acquire Evie Networks, the EV charging network operator known formally as Fast Cities Australia Pty Ltd. The transaction marks a significant expansion of Ampol’s footprint beyond traditional petroleum retail into the fast-growing electric vehicle infrastructure segment.
The announcement itself provides limited operational detail, with the full strategic rationale contained in the presentation slides rather than disclosed in the written release. What is clear from the notification is that Ampol’s management views this as a core acquisition warranting Board authorization, suggesting the deal carries material strategic value to the group’s medium-term positioning. For investors, the timing is notable: Ampol is moving decisively into EV charging infrastructure at a moment when major fuel retailers globally are racing to reposition around transportation electrification.
Evie Networks operates a public fast-charging network across Australia, representing one of the country’s established EV infrastructure players. The network data provided for this announcement reflects Evie’s operational status as at 29 September 2026, though Ampol notes it has not independently verified this information. The acquisition effectively consolidates Evie’s existing network and customer base into Ampol’s subsidiary structure, providing Ampol direct ownership of charging assets rather than reliance on third-party networks or joint ventures.
The strategic logic aligns with broader industry trends. Major oil majors and fuel retailers have increasingly recognized that ownership of EV charging infrastructure provides a defensible foothold in the transition away from petrol and diesel. Ampol’s move mirrors similar acquisitions by global energy companies seeking to lock in customer relationships and capture value in the emerging EV charging market before consolidation accelerates further.
Investors should monitor the upcoming investor briefing for detail on the acquisition price, funding structure, expected returns, and any integration plans with Ampol’s existing retail network. Clarity on these points will help clarify whether the deal represents a strategic anchor for Ampol’s energy transition or primarily a defensive move to avoid ceding the EV charging segment entirely to dedicated infrastructure operators and technology companies.
View the full ASX announcement (PDF)
About Ampol Limited (ASX: ALD)
Ampol Limited is Australia’s largest petroleum refiner and distributor, operating the Lytton refinery and around 2,000 branded fuel service stations across Australia and New Zealand. The company sources, imports, refines and distributes crude oil, fuels and lubricants, and also operates convenience retail stores and provides electric vehicle charging solutions. It serves customers in defence, mining, transport, marine, agriculture, aviation and other commercial and industrial sectors across Australia, New Zealand, Singapore and the United States.
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