Tag: Ayala Group

Philippines – Metro Pacific Investments Corporation (MPIC)’s digital healthcare arm mWell is set to acquire Ayala Group’s telehealth provider KonsultaMD. According to Manila Bulletin, the acquisition is for 100% of KonsultaMD, with its cost remaining undisclosed.

According to mWell, the acquisition reinforces its position as the largest digital healthcare platform in the Philippines.

While KonsultaMD is set to operate under mWell, the telehealth provider will keep its brand, allowing its users to access key healthcare services. With a unified platform, MPIC expands its existing network, tapping into KonsultaMD’s significant user base and expertise.

Meanwhile, Ayala Group plans to continue supporting mWell and KonsultaMD after the acquisition.

KonsultaMD is a telehealth app under 917Ventures, a subsidiary of Globe. mWell is also a health app with millions of users.

Philippines – ACMobility, the automotive arm of the Ayala Group, has acquired the electric vehicle (EV) charging network Evro under Globe’s tech innovation arm 917Ventures.

ACMobility’s acquisition of Evro is part of its wider effort to eliminate hindrances to EV adoption, particularly drivers’ access to charging stations.

Meanwhile, Evro aims to consolidate the EV charging network in the Philippines, disregarding brand or charge-point operators (CPO) to provide accessibility to all users. With plans to expand the network, Evro is set to add more CPOs to its platform.

Evro’s app allows EV users to find nearby charging points compatible with their vehicle and monitor the charging progress remotely in real-time. Cashless payments are also available in-app.

The app features 33 charging points managed by ACMobility in different locations in the Philippines, including Metro Manila, Baguio, Cebu, and Bataan.

“We built Evro with the intention of simplifying Filipino EV owners’ charging journeys. Since launching earlier this year, we’ve made significant headway in advancing sustainable transport through our tech and partners. Entrusting Evro to ACMobility ensures it will continue to evolve and contribute to the advancement of sustainable transport,” Vince Yamat, managing director of 917Ventures, said.

“We are thrilled to bring Evro into the ACMobility ecosystem. Evro is changing the game for electric vehicle adoption in the Philippines. Alongside our efforts in ACMobility, it will address range anxiety concerns and empower EV owners to have full control of their charging experience,” Jaime Alfonso Zobel de Ayala, chief executive officer of ACMobility, said.

“The collaboration with 917Ventures and the Globe Group has been invaluable as we build a sustainable future for Filipino motorists together,” Zobel de Ayala added.

Manila, Philippines – Prominent Filipino businessman Fernando Zobel de Ayala has resigned from all business positions under the publicly-listed holding company Ayala Group. The companies that he will be resigning from include Ayala Corporation, Ayala Land, Bank of the Philippine Islands (BPI), and Globe Telecom.

In multiple filings made by all aforementioned companies at the Philippine Stock Exchange (PSE), all stated that Zobel rendered his resignation over medical concerns, and said he will be focusing on his recovery.

Zobel held the following positions at these companies namely the vice-chairman of the board of directors, president and CEO at Ayala Corporation; chairman of the board of directors at Ayala Land and BPI; as well as co-vice chairman of the board of directors at Globe Telecom.

As part of the announcement, Ayala Corporation has appointed Cezar P. Consing as their acting president and CEO for the meantime.

Fernando Zobel de Ayala overtook the president and CEO role from Jaime Augusto Zobel de Ayala in April 2021.

Established in 1834, Ayala Corporation is one of the largest corporations in the Philippines and with a massive portfolio of diverse business interests, including investments in retail, education, real estate, and banking, as well as telecommunications, water infrastructure, renewable energy, and electronics.