Siemens agrees to acquire fast charging specialist Heliox

Siemens AG has signed an agreement to acquire Heliox, a Netherlands-based technology leader in fast charging solutions, serving e-Bus and e-Truck fleets and passenger vehicles. It said the acquisition will complement Siemens’ existing eMobility charging portfolio, adding products and solutions for DC fast-charging focused on eBus and eTruck fleets.

Heliox’s portfolio will also extend Siemens’ market reach, primarily in Europe and North America, while improving capabilities in power electronics. The transaction is subject to customary regulatory approval. “This is an important milestone that adds value to our fast-growing eMobility charging business. In addition to expanding our offering, we see digitalisation and software potential with regard to energy and depot management and services,” said Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure.

Siemens eMobility is part of Siemens Smart Infrastructure. It offers IoT-enabled hardware, software and services for AC and DC charging from 11 to 300 kW for a broad range of applications. Headquartered in the Netherlands, Heliox employs around 330 people. Siemens is acquiring the company from private equity firm Waterland and an entity owned by a group of employees and individual shareholders.

While Siemens has combined its business activities in the areas of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles into the spin-off company Innomotics, trolley-assist technology and infrastructure come under Siemens Mobility along with solutions for rail. Siemens eMobility on the other hand offers electric vehicle charging solutions for numerous applications.

In 2022, Shell named Heliox as part of its consortium to create electrification solutions for mining sites along with Skeleton Technologies, Microvast, Staubli, Carnegie Robotics, Spirae, Alliance Automation and Worley. Heliox, Staubli, and Damen have already collaborated to design and develop a new integrated charging system for ferry port terminals. In May 2023, Cummins and Heliox also announced the signing of a written agreement to provide both the sale and service of EV chargers in North America.