Siemens intends to spin off its electric vehicle charging division, Siemens eMobility, and merge it with its newly acquired company, Heliox. This strategy is designed to accelerate growth in the fast-developing EV charging sector across Europe, North America, and Asia. The acquisition is particularly focused on expanding its market presence, with a primary emphasis on Europe and North America.
Siemens has announced its intention to separate its electric vehicle (EV) charging business, Siemens eMobility, to capitalise on the dynamic growth opportunities within the industry, according to a statement released by the German multinational on Monday.
The restructuring will involve merging Siemens eMobility with Heliox, a specialist in DC fast-charging solutions that Siemens recently acquired. This move is part of a broader trend where the EV charging sector in Europe, North America, and Asia is witnessing rapid growth and consolidation. Since 2017, several charging companies have been acquired by major energy corporations, including Shell and BP.
Heliox, which primarily develops chargers for electric bus fleets and trucks, competes with firms like ABB, Sweden’s Vattenfall, and ChargePoint. The acquisition of Heliox, a Dutch company, is aimed at expanding Siemens’ market presence, especially in Europe and North America.
Matthias Rebellius, a member of Siemens’ managing board, commented on the initiative, stating that the separation of Siemens eMobility is expected to “accelerate profitability by focusing on high potential business segments and strategically relevant geographies.”
