KACO new energy is active in more than nine countries with local sales and service companies and has more than 350 employees. The product line covers the full power range, from inverter units designed for a family home, commercial buildings and infrastructures to complete systems for solar parks producing megawatts of electricity with a focus on solar and storage applications, up to 1500V and using the latest semi-conductors. KACO new energy has developed the next generation inverter technology based on silicon carbide (SiC) with higher power density and improved thermal behaviour.
The project development activities are not part of the acquisition which is expected to complete in the first half of 2019, and the inverter operation will fit into the newly restructured Siemens from April.
"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," said Jean-Christoph Heyne, Head of Siemens' new Future Grids business. "Our new Smart Infrastructure Operating Company comes into operation on April 1, 2019 where our strengths in electrification and buildings will enable us to thrive in the market and continue to expand in the areas of decentral energy, renewables, storage and electric vehicle charging infrastructure."
"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," said Cedrik Neike, Managing Board Member of Siemens AG.
Distributed energy, renewable energy sources and eMobility are playing an increasingly important role in the energy value chain, requiring increasing intelligence via an open and flexible ecosystem of technology, solutions and services. Siemens is supporting its customers and the society in reaching their ambitious goals for climate protection. With the complementary power electronics portfolio of KACO new energy,