Siemens to spin out its charging infrastructure business
Siemens is to carve out its eMobility and Heliox charging businesses into a single dedicated legal structure
Siemens bundled its eMobility charging activities in 2018 and subsequently organized it into a separate business unit in 2022. It only completed the acquisition of Dutch charging equipment maker Heliox in January this year.
The carve out of Siemens eMobility will give the business entrepreneurial freedom to transform into a more agile, focused and efficient market player.
It showed its Megawatt Charging System [MCS] prototype, which delivers a 1 MW charge, at the IAA show last week.. The SICHARGE D 400, a DC fast charging compact charger with power up to 400 kW, features liquid-cooled cables, dynamic power distribution, and high efficiency.
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.
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“The new setup of eMobility will enable the business to accelerate profitability by focusing on high potential business segments and strategically relevant geographies. It will have more freedom to define its focus areas based on business strengths. This business will be well positioned to foster new partnerships to increase customer access through new sales channels and enrich capabilities in new end markets,” said Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure.
“Building up charging infrastructure for electric vehicles is crucial to achieving the electrification of transport, a central piece in the aspiration to reach net zero by 2050.”
Siemens eMobility provides IoT-enabled hardware, software and services for AC and DC charging from 11 kW to 1 megawatt for electric vehicles form cars to buses, trucks and trains. It has production and R&D sites in Germany, Portugal, the United States, India and the Netherlands.
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