Siemens to invest in electric vehicle charging business
London, September 23, 2024, (Oilandgaspress) ––Siemens has announced the intention to carve out its eMobility business. The company bundled its eMobility charging activities in 2018 and subsequently organized it into a separate business unit in 2022.
The carve out of Siemens eMobility, which today has a strong technological core and portfolio, will give the business entrepreneurial freedom to transform into a more agile, focused and efficient market player. It will enable Siemens eMobility to better leverage opportunities in the fast-growing and dynamic electric vehicle (EV) charging infrastructure market.
Siemens has made targeted organic investments to build the eMobility business’ technology leadership and strengthen the product portfolio. The business has also executed multiple acquisitions including most recently Heliox, a specialist in DC fast charging solutions, focused on eBus and eTruck fleets. The Heliox acquisition extended Siemens’ market reach, primarily in Europe and North America, while improving capabilities in power electronics.
The upcoming carve-out will combine Siemens eMobility and Heliox into a dedicated legal structure, well-positioned to build on the experience and innovation of Siemens and the pioneering culture of Heliox. This future setup will create optimal conditions to drive progress and expand leadership in the market, further accelerating the sustainable transformation of mobility.
Information Source: Read Press Release
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