03 September 2012

Siemens acquires Australian company Kaon Holdings, Expands business in Overhead Lines

Erlangen, Germany – 03 September 2012 - Effective August 31, 2012, Siemens Infrastructure & Cities has acquired Australia's Kaon Holdings Pty Ltd, headquartered in Brisbane, Queensland. Together with its subsidiaries Kaon Electric Pty Ltd and Kaon Consulting Pty Ltd, the new acquisition develops and sells products for energy distribution via medium-voltage overhead lines. The acquisition expands Siemens' business in overhead lines. "We plan to develop Kaon's innovative products further, sell them worldwide by utilizing our global sales presence, and thus tap new markets," said Stephan May, CEO Medium Voltage of the Siemens Infrastructure & Cities Sector. The parties have agreed to keep the purchase price confidential. Siemens will take over and continue to sell all of Kaon's existing products. 

Overhead lines are used to distribute electric power in many countries. The Kaon Group's Australian companies develop products for operating and protecting these grids, such as the new ultra fast FuseSaver vacuum switch, which ensures greater reliability and availability in distribution grids. Siemens intends the Kaon acquisition as a way of further expanding its share of the global market in energy distribution solutions for overhead lines. It will establish a center of competence in Australia for medium-voltage products, and will continue to pursue Kaon's research and development work. 

The Siemens Infrastructure & Cities Sector (Munich, Germany) with approximately 87,000 employees, offers sustainable technologies for metropolitan areas and their infrastructures. Its offerings include integrated mobility solutions, building and security technology, power distribution, smart grid applications, and low- and medium-voltage products. The Sector comprises the Divisions Rail Systems, Mobility and Logistics, Low and Medium Voltage, Smart Grid, and Building Technologies. 

The Siemens Low and Medium Voltage Division (Erlangen, Germany) serves the entire product, system, and solution business for the power distribution infrastructure of public utilities, municipal utilities, and industrial facilities. The Division is responsible for providing reliable power supply equipment for conventional and regenerative power plants as well as intelligent, compact switching stations for distribution networks in metropolitan and rural areas. In addition, the Division supplies energy-efficient solutions for the integration of renewable energy and energy storage in the grid. 

Source: Siemens