# 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.

- Type: Acquisition
- Announced: 2018-12-17
- Where: Italy
- Status: announced
- Products: high-voltage disconnect switches
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Coelme](https://endata.com/companies/29372.md) (target)
- [Southern States LCC](https://endata.com/companies/36197.md) (partner)
- [Southern States](https://endata.com/companies/36241.md) (partner)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-acquires-non-controlling-25-share-coelme-group), 2018-12-17: "The development and the flexibilization of the transmission grids are of greatest importance for achieving the climate targets."
- [power-technology.com](https://www.power-technology.com/news/siemens-high-voltage-disconnect-switches/), 2018-12-18: "Global technology company Siemens has agreed to acquire a 25% non-controlling stake in high-voltage disconnect switches producer Coelme Group, an Italian-based subsidiary of Southern States."
- [powerelectronics.kr](https://powerelectronics.kr/2019/34185/siemens-acquires-non-controlling-25-share-in-coelme-group/), 2019-01-22: "The development and the flexibilization of the transmission grids are of greatest importance for achieving the climate targets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.