Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility, rail, and industry, based in the greater Milan area of Italy. The acquisition strengthens Hitachi Energy’s global position and offering in high-power electric vehicle charging infrastructure, power electronics, and the grid edge.
Hitachi Energy and COET have a long-standing collaboration focused on Hitachi Energy’s portfolio of Grid-eMotion high-power charging infrastructure solutions. COET is also a leading designer, manufacturer, and supplier of DC traction products and components for rail and AC and DC equipment for high-power industrial applications.
As electricity will be the backbone of the entire energy system and will help in driving the clean energy transition, the global demand for power electronics and high-power solutions will continue to grow. To succeed in moving toward a carbon-neutral society, Hitachi Energy’s enriched offering will continue to serve existing and future customers, going beyond the grid – opening a breadth of opportunities in areas like sustainable mobility, smart life, and data centers.
Commenting on the acquisition, Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration Business, said, “We are delighted to welcome our partner of many years into the Hitachi Energy family. The acquisition will enhance our position as a global leader in power grid technologies and energy infrastructure for eMobility, transport, and industry, while COET and its customers will benefit greatly from our global footprint and power expertise.”
