Market Insight

Siemens acquires PV inverter supplier Kaco New Energy

March 01, 2019  | Subscribers Only

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On 1 March, Siemens acquired German PV inverter supplier Kaco New Energy as it seeks to build out its PV inverter portfolio to include three-phase string inverters. This acquisition is further evidence of Siemens expanding its capabilities in the area of decentralised energy, renewables, storage and electric vehicle (EV) charging infrastructure prior to its launch of its Smart Infrastructure Operating Company on 1 April 2019. 

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