Siemens Positions Itself for Electric Charger Market Leadership with Heliox Acquisition
Siemens is poised for substantial growth, anticipating high double-digit expansion in the electric charger market for bus fleets and trucks. The company aims to secure a top-three global position through the strategic acquisition of Dutch charger manufacturer Heliox. As the deal nears its conclusion on Thursday. Strategically positioning itself to offer comprehensive coverage in EV charging technology across diverse sectors.
Matthias Rebellius, a Siemens board member and CEO of the smart infrastructure business, emphasizes the synergies with Heliox, characterizing it as the “perfect expansion” for Siemens. While the terms of the deal remain undisclosed, it is expected to significantly enhance Siemens’ business portfolio in the evolving electric vehicle charging landscape.
Optimal Positioning in the U.S. Market
Rebellius underscores Heliox’s robust presence in the crucial U.S. market as a key advantage, reinforcing competitive standing. The innovative software developed by Heliox for managing charging fleets, coupled with its advanced hardware solutions, is poised to strengthen Siemens’ position in the market. Noteworthy competitors in the larger vehicle charger segment include ABB, Vattenfall from Sweden, and ChargePoint.
Industry estimates, as cited by Rebellius, project an impressive compound annual growth rate of 45% in the global market for electric bus and truck chargers over the next three years. This surge is attributed to fleets expediting their transition to zero-emission models, indicating substantial growth potential in the market.
Rebellius expresses confidence in achieving significant growth, setting ambitious targets for high double-digit growth rates. With the acquisition of Heliox, Siemens positions itself as a major player in the dynamic electric vehicle charging market, aiming to be among the top three global leaders.
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