# Hitachi Energy to acquire COET S.p.A.

Hitachi Energy signed a purchase agreement to acquire COET S.p.A., an Italian designer and manufacturer of power equipment for rail and e-mobility, based in San Donato Milanese. The acquisition is expected to close by end of 2023.

- Type: Acquisition
- Announced: 2023-08-30
- Where: San Donato Milanese, Italy
- Status: announced
- Products: power equipment for rail and e-mobility, charging infrastructure solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hitachi Energy](https://endata.com/companies/15140.md) (acquirer)
- [COET S.p.A.](https://endata.com/companies/72323.md) (target)

## Sources

- [hitachienergy.com](https://www.hitachienergy.com/news-and-events/features/2023/08/hitachi-energy-to-acquire-coet), 2023-08-30: "The acquisition will strengthen Hitachi Energy’s position as the global leader in power grids and energy infrastructure solutions for eMobility, transportation and industry."
- [powersystems.technology](https://www.powersystems.technology/utility-business-strategy/news/hitachi-energy-to-acquire-coet-a-strategic-move-in-power-grids-and-emobility/), 2023-09-05: "Hitachi Energy, a pioneering technology company committed to advancing a sustainable energy future, announced today that it has signed a purchase agreement to acquire COET S.p.A."
- [hitachienergy.com](https://www.hitachienergy.com/uk-ie/en/news-and-events/features/2023/08/hitachi-energy-to-acquire-coet), 2023-12-18: "The acquisition will strengthen Hitachi Energy’s position as the global leader in power grids and energy infrastructure solutions for eMobility, transportation and industry"

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