# SP Group acquires full ownership of Power Automation

SP Group acquired Siemens' 49% stake in Power Automation Pte Ltd, making it a wholly-owned subsidiary, to strengthen capabilities in smart grid and energy solutions.

- Type: Acquisition
- Announced: 2023-02-08
- Where: Singapore, Singapore
- Status: completed
- Products: smart grid solutions, power systems control, substation automation, protection systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [SP Group](https://endata.com/companies/23010.md) (acquirer)
- [Power Automation Pte Ltd](https://endata.com/companies/68436.md) (target)

## Sources

- [spgroup.com.sg](https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Acquires-Full-Ownership-of-Power-Automation-to-Strengthen-Capabilities-in-Smart-Grid-and-Energy-Solutions), 2023-02-08: "SP Group (SP) today announced that it has acquired Siemens AG’s (Siemens) 49 per cent stake in Power Automation Pte Ltd (PA), making PA a wholly-owned subsidiary of SP."

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