Siemens to Carve out Electric Vehicle Charging Business to Enable next Level of Growth

September 23, 2024

Siemens has announced the intention to carve out its eMobility business. The company bundled its eMobility charging activities in 2018 and subsequently organized it into a separate business unit in 2022. 

The carve out of Siemens eMobility, which has a strong technological core and portfolio, will give the business entrepreneurial freedom to transform into a more agile, focused and efficient market player. It will enable Siemens eMobility to better leverage opportunities in the fast-growing and dynamic electric vehicle (EV) charging infrastructure market.

Siemens has made targeted organic investments to build the eMobility business’ technology leadership and strengthen the product portfolio. The business has also executed multiple acquisitions including most recently Heliox, a specialist in DC fast charging solutions, focused on eBus and eTruck fleets. The Heliox acquisition extended Siemens’ market reach, primarily in Europe and North America, while improving capabilities in power electronics.

The upcoming carve-out will combine Siemens eMobility and Heliox into a dedicated legal structure, well-positioned to build on the experience and innovation of Siemens and the pioneering culture of Heliox. This future setup will create optimal conditions to drive progress and expand leadership in the market, further accelerating the sustainable transformation of mobility.

“The new setup of eMobility will enable the business to accelerate profitability by focusing on high potential business segments and strategically relevant geographies. It will have more freedom to define its focus areas based on business strengths. This business will be well positioned to foster new partnerships to increase customer access through new sales channels and enrich capabilities in new end markets,” said Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure. “Building up charging infrastructure for electric vehicles is crucial to achieving the electrification of transport, a central piece in the aspiration to reach net zero by 2050.”

Source

    Related Articles


    Latest Articles


    Changing Scene

    • Schneider Electric Canada Inaugurates a New Production Line in Brossard, Quebec

      Schneider Electric Canada Inaugurates a New Production Line in Brossard, Quebec

      Schneider Electric Canada announces the expansion of its facility in Brossard, Quebec. This strategic development includes the addition of a new production line dedicated to the local manufacturing of Schneider Electric’s advanced electrical equipment… Read More…

    • ABB Acquires Bel Products Inc. to Expand Enclosures Portfolio in North America

      ABB Acquires Bel Products Inc. to Expand Enclosures Portfolio in North America

      June 3, 2025 ABB Electrification Canada Inc. announced it has completed its acquisition of Bel Products Inc., a Canadian manufacturer of commercial, industrial and custom-made enclosures. This acquisition enhances ABB’s market presence in Canada and the U.S., expanding its product portfolio and enabling the company to leverage its manufacturing, warehousing and supply chain capabilities to better meet growing customer demand. The financial terms of the transaction are undisclosed. The enclosures market is experiencing strong growth, fueled… Read More…

    • WAGO Now Available at Vanco Electrical Solutions

      WAGO Now Available at Vanco Electrical Solutions

      June 2 2025 Vanco Electrical Solutions are excited to announce that Vanco Electrical Solutions has partnered with WAGO, making their full line of innovative spring‑pressure connection and automation products available online at vancoelectrical.com. From their groundbreaking Push‑in CAGE CLAMP® technology to flexible I/O systems, WAGO has built a reputation for reliability and ease of use across… Read More…

    • Sonepar Announces the Appointment of Rob Thibeault to President of Robertson Electric

      Sonepar Announces the Appointment of Rob Thibeault to President of Robertson Electric

      June 2, 2025 Sonepar is pleased to announce the promotion of Rob Thibeault to President Robertson Electric effective June 2, 2025. Rob joined Robertson in 2017, bringing with him extensive experience in retail and marketing. Rob’s skill and dedication quickly saw him taking on additional responsibilities in operations, pricing, and analytics. Demonstrating a keen understanding… Read More…