Siemens to purchase KACO new energy. Credit: KACO new energy.

Siemens has revealed plans to acquire the string inverter business of KACO new energy for an undisclosed price.

Based in Neckarsulm, Germany, KACO new energy is one of the leading manufacturers of energy-related power electronics.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Its inverter units are designed for homes and commercial buildings to complete systems for solar parks producing megawatts of electricity.

Siemens managing board member Cedrik Neike said: “With this acquisition, Siemens gains access to the latest technology, while KACO new energy will benefit from the resources required to scale up. Together, we will be able to apply the technology in exciting growth segments.”

Subject to regulatory approval, the deal is expected to be completed in the first half of this year.

“With this acquisition, Siemens gains access to the latest technology, while KACO new energy will benefit from the resources required to scale up.”

Upon completion of the proposed acquisition, KACO new energy will be integrated into a new smart infrastructure operating company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Siemens global head of future grid Jean-Christoph Heyne said: “Siemens is in a strong position to succeed in technology that supports the energy and mobility transition. The acquisition of KACO new energy enhances our portfolio in attractive growth segments at the grid edge.

“Our new Smart Infrastructure Operating Company comes into operation on 1 April, 2019 where our strengths in electrification and buildings will enable us to thrive in the market and continue to expand in the areas of decentralised energy, renewables, storage and electric vehicle charging infrastructure.”

Last December, Siemens agreed to acquire a 25% non-controlling stake in high-voltage disconnect switches producer Coelme Group, an Italian-based subsidiary of Southern States.