Siemens to buy US switchgear maker for grid modernisation
Siemens is to acquire Trayer Engineering in the US to broaden its product portfolio for grid modernisation
The deal with California-based Trayer adds padmount and submersible switchgear to the Siemens portfolio for medium voltage grid systems. Details of the deal were not disclosed.
Trayer specializes in hermetically sealed padmount and submersible switchgear, resistant to extreme weather conditions. The company will provide complementary technologies to the Electrification and Automation Business Unit at Siemens to support the market trend of undergrounding overhead electrical networks, increasing resilience of the North American distribution grids.
“We see a significant growth opportunity in secondary power distribution, particularly in addressing the challenges posed by extreme weather conditions. By combining forces, we will provide an end-to-end portfolio to our customers by unlocking resources and competencies to serve this growing demand,” said Stephan May, CEO of Electrification and Automation at Siemens Smart Infrastructure.
“Our digital offerings and Siemens Xcelerator portfolio, Electrification X, complements Trayer’s resilient solutions to enable utilities and municipalities to upgrade their distribution grids and drive grid efficiency for outdoor and below ground applications.”
The submersible distribution switchgear is suitable for grid modernisation in areas prone to flooding or extreme weather conditions, providing reliable electrical distribution while being protected from water and environmental damage. Padmount switchgear is typically installed at ground level in residential, commercial, and industrial areas, offering easy access for safety inspections and operation while ensuring reliable, safe, and efficient electrical distribution for underground electrical grids.
“By joining a 175+ year old, established industry leader, Trayer sees accelerated growth, investment, and employee opportunities,” said John Trayer, CEO, Trayer. “All of the employees at Trayer look forward to growing together, as Trayer offers a truly comprehensive solution to utility and municipal customers to help them harden and expand their electrical infrastructure.”
Trayer was founded as a family business in 1962 and currently employs 130 people. It will continue to operate as a separate legal entity. The deal is subject to regulatory approval, and closing is expected in by the end of 2024.
www.siemens.com; www.trayer.com
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