Siemens acquires Kaon; expands energy distribution solutions portfolio for overhead lines
September 4, 2012 – Siemens Infrastructure & Cities has acquired Australia’s Kaon Holdings Pty Ltd., headquartered in Brisbane, Queensland. With 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.
“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.
Siemens will take over and continue to sell all of Kaon’s existing products. It sees the Kaon acquisition as a way of expanding its share of the global market in energy distribution solutions for overhead lines. It will establish a centre of competence in Australia for medium-voltage products, and will continue to pursue Kaon’s R&D work.