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Siemens acquires electric vehicle charging company

European automation and technology company Siemens has furthered its reach into the electric vehicle market with a new acquisition.

German automation company Siemens has officially acquired fast EV charging systems provider Heliox.

Headquartered in the Netherlands, Heliox’s appeal is its fast charging solutions and management services for eTruck and eBus fleets.

Heliox’s modular chargers allow scale of charging infrastructure based on business needs. They claim it is great for upfront costs and lowering total cost of ownership.

The acquisition complements Siemens’ existing eMobility charging portfolio, adding products and solutions ranging from 40 kilowatts (kW) to megawatt charging solutions for depots and en-route charging.

Heliox’s portfolio also extends Siemens’ market reach, primarily in Europe and North America, while improving capabilities in power electronics.

Heliox’s mobile, scalable and parallel charging solutions will enable Siemens to serve these markets better.

“We are witnessing unparalleled growth in the EV charging infrastructure market,” says Siemens managing board member Matthias Rebellius.

“DC fast charging solutions for eBus and eTruck fleets are considered the fastest growing segment here. With the acquisition of Heliox, Siemens eMobility is well-positioned to serve our customers worldwide.”

The combination of the two companies’ charging portfolios creates a strong offering for eBus and eTruck customers.

Heliox is set to benefit from Siemens’ industrialisation capabilities, global sales network and infrastructure, enabling it to scale up its production and meet increasing customer demand.

Siemens acquired Heliox from private equity firm Waterland and an entity owned by a group of employees and individual shareholders.

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