German conglomerate Siemens has introduced the acquisition of the string inverter enterprise of the KACO new strength GmbH, a producer of electricity-related energy electronics, for an undisclosed sum. The challenge development and EPC activities are not part of the purchase. The transaction is expected to be completed within the first half of of 2019, subject to regulatory approval.
KACO new electricity’s product line covers inverters designed for residential, commercial and industrial segments and additionally megawatt-scale sun parks. It specializes in string inverters for sun and garage applications, as much as 1500V and the usage of the today’s semiconductors. The organization has its enterprise spread throughout nine international locations across the globe.
“With this acquisition, Siemens profits get entry to to the ultra-modern generation, at the same time as KACO new electricity will benefit from the resources required to scale up. Together, we are able to be able to practice the era in thrilling increase segments”, explains Cedrik Neike, Managing Board Member of Siemens AG.
Jean-Christoph Heyne, Head of Siemens’ new Future Grids commercial enterprise, provides: “Siemens is in a robust position to reach generation that helps the energy and mobility transition. The acquisition of KACO new energy enhances our portfolio in attractive boom segments on the grid facet. Our new Smart Infrastructure Operating Company comes into operation on April 1, 2019, where our strengths in electrification and buildings will permit us to thrive within the marketplace and maintain to increase in the areas of decentral power, renewables, storage and electric powered automobile charging infrastructure.”
With the growth of allotted energy, renewable electricity resources and e-mobility are gambling an more and more critical position in the electricity value chain, requiring increasing intelligence via an open and bendy environment of era, answers, and offerings. Siemens expects that with the complementary power electronics portfolio of KACO new electricity, it may toughen its technological leadership in the fields of decentralized strength systems and offer corresponding advantages to clients.
In December 2017, Siemens launched Sinacon PV a brand new generation of photovoltaic (PV) principal inverters with an output as much as five,000 kVA. The manufacturing is at Siemens’ Kalwa plant close to Mumbai for the home market as well as for export.
According to Mercom Research, in January 2019, KACO new strength GmbH introduced that it had entered into an agreement with South Korean chemical and renewable energy organization OCI for the sale of its South Korean subsidiary.
Image credit: KACO