Siemens unveiled its plans for making two U.S. acquisitions Wednesday, one in the power control sector and the other in grid simulation and protection software.
The German-based energy firm announced it planned to acquire Massachusetts-based Russelectric, a manufacturer of power control systems including paralleling switchgear and automatic transfer switches. Siemens also is it is buying Michigan-based Electrocon International Inc (ELL), which develops and markets software for enhancing simulations of power grids.
The former strengthens Siemens’ position in power control technologies and the latter builds on electrical digital twin capabilities, the company said.
“As the energy landscape continues to shift, the successful operation of critical facilities more than ever requires reliable, affordable and sustainable power”, said Barry Powell, Vice President and Business Unit Head, Siemens Low Voltage & Products, North America. “With this acquisition, we bring together Siemens’ expertise and experience in the low voltage power market with Russelectric’s complementary high-quality energy infrastructure portfolio to provide technologies that ensure these critical installations receive uninterrupted, secure power.”
The two acquisitions also build on Siemens’ stake in the U.S., already its largest market. Russelectric has approximately 400 employees across its headquarters, manufacturing facility in Hingham, Mass., as well as its manufacturing and training hub in Broken Arrow, Okla.
ELL develops and markets CAPE (Computer-Aided Protection Engineering) software which focuses on the protection of electricity systems and enables detailed protection modeling for grid analysis and simulations. The CAPE software—designed for transmission and distribution systems in utilities, industry, and infrastructure—will help ensure the safe and reliable operation of large electricity grids.
“The rising interconnection of traditional energy using sectors such as e-mobility, buildings, industry and the growing importance of renewables and energy storage, requires high-quality data and powerful and efficient software,” Thomas Zimmermann, CEO, Siemens’ Business Unit Digital Grid, said. “This acquisition strengthens our already leading portfolio in the area of Operational Software for Smart Infrastructure and the Electrical Digital Twin.”
Both acquisitions will add to Siemens’ existing U.S. footprint of more than 50 manufacturing, R&D and digital hubs, as well as 50,000 employees.