The acquisition complements Siemens’ existing eMobility charging portfolio, adding products and solutions ranging from 40 kilowatts (kW) to megawatt charging solutions for depots and en-route charging.

Heliox’s portfolio also extends Siemens’ market reach, primarily in Europe and North America, while improving capabilities in power electronics. Heliox’s mobile, scalable, and parallel charging solutions will enable Siemens to serve these markets better.

“We are witnessing unparalleled growth in the EV charging infrastructure market,” said Matthias Rebellius, CEO of smart infrastructure and a member of the managing board of Siemens. “DC fast charging solutions for eBus and eTruck fleets are considered the fastest growing segment here. With the acquisition of Heliox, Siemens eMobility is well-positioned to serve our customers worldwide.”

Siemens says the combination of the two companies’ charging portfolios creates a strong offering for eBus and eTruck customers.

It adds that Heliox is set to benefit from Siemens’ industrialisation capabilities, global sales network and infrastructure, enabling it to scale up its production and meet increasing customer demand.

Siemens eMobility is part of Siemens Smart Infrastructure. It offers IoT-enabled hardware, software and services for AC and DC charging from 11 kW to 1 megawatt for a broad range of applications. Siemens acquired Heliox from private equity firm Waterland and an entity owned by a group of employees and individual shareholders.