Siemens acquires 25% stake in Coelme Group

Siemens agreed to acquire a non-controlling 25% minority shareholding in Coelme Group, an Italian-based subsidiary of Southern States LCC that manufactures high-voltage disconnect switches. Closing is expected in the first half of 2019.

“The development and the flexibilization of the transmission grids are of greatest importance for achieving the climate targets.”press.siemens.com

• 3 sources
• press.siemens.comSiemens acquires non-controlling 25% share in Coelme Group | Press | Company | SiemensDec 17, 2018
• power-technology.comSiemens acquires stake in high-voltage disconnect switches providerUmesh EllichipuramDec 18, 2018
• powerelectronics.krSiemens acquires non-controlling 25% share in Coelme Group – 파워일렉트로닉스(PEMK) 매거진PEMK 매거진Jan 22, 2019

Summarized from public sources; check the original articles before acting on it.