SP Group acquires Siemens' 49% stake in Power Automation

SP Group announced it has acquired Siemens' 49% stake in Power Automation, a joint venture established in 1996, making SP Group the sole owner. The acquisition aims to expand SP Group's critical engineering capabilities for major projects and accelerate smart-grid technology deployment.

“SP Group says the acquisition will enable it to expand its 'critical engineering capabilities' for major projects, accelerate smart-grid technology deployment and better support the energy transition.”businesstimes.com.sg

• 1 source
• businesstimes.com.sgSP Group acquires Siemens' 49% stake in Power Automation to become sole owner - The Business TimesShikhar GuptaAug 29, 2025

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