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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.
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.