# Hitachi Energy completes acquisition of COET

Hitachi Energy completed the acquisition of COET, an Italian designer and manufacturer of power equipment for electric mobility, rail, and industry, strengthening its position in high-power EV charging infrastructure and grid edge applications.

- Type: Acquisition
- Announced: 2024-01-10
- Where: greater Milan area, Italy
- Jobs: 80
- Status: completed
- Products: high-power EV charging infrastructure, DC traction products, AC/DC equipment for industrial applications
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [hitachi.com](https://www.hitachi.com/en/press/articles/2024/01/0117a/), 2024-01-10: "The acquisition will enhance our position as a global leader in power grid technologies and energy infrastructure for eMobility, transport, and industry."
- [magneticsmag.com](https://magneticsmag.com/hitachi-energy-acquires-coet-extends-transient-voltage-protection-to-liquid-transformers/), 2024-01-24: "We are delighted to welcome our partner of many years into the Hitachi Energy family."

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