Siemens Accelerates Growth with EV Charging Merger

Siemens is taking bold steps to supercharge its EV charging business.

The company plans to carve out its eMobility division, merging it with Heliox, a specialist in fast DC charging solutions, creating a new legal entity.

This strategic move is aimed at giving the combined business the entrepreneurial freedom to thrive in the rapidly-evolving EV charging market.

Siemens’ eMobility journey began in 2018 when it bundled its charging activities and, by 2022, the division had grown into a standalone business unit.

Now, the company is carving out the division to give it more agility and focus.

It believes this shift will make the business more efficient, enabling it to quickly adapt to market changes and seize new opportunities in the dynamic EV charging industry.

The decision comes at a crucial time, with the global transition to EVs accelerating.

By spinning off the eMobility division, Siemens aims to allow it to operate with a sharper focus, streamlined decision-making processes and greater flexibility to innovate and scale.

According to Siemens, this entrepreneurial independence will give the new entity the tools to grow even faster.

“The new setup of eMobility will enable the business to accelerate profitability by focusing on high potential business segments and strategically relevant geographies,” says Matthias Rebellius, CEO of Smart Infrastructure at Siemens.

The move will empower the new entity to shape its future with more freedom, leveraging existing strengths to dominate key markets.

Heliox acquisition to boost market reach

Siemens has been steadily building its EV charging business through strategic investments and the recent acquisition of Heliox is a critical part of that strategy.

Heliox brings advanced DC fast-charging solutions to the table, particularly in eBus and eTruck fleets.

By merging Heliox with its eMobility business, Siemens aims to create a powerful entity capable of expanding its leadership in Europe and North America and broadening its technological capabilities, particularly in power electronics.

Heliox's pioneering culture, combined with Siemens' established technological strength, creates a strong foundation for the new venture.

The carve-out will enable the combined entity to accelerate innovation, with a focus on developing cutting-edge charging solutions that cater to the diverse needs of the market. This new structure positions the company well to meet the demands of fleet operators, businesses and individual EV owners alike.

The global EV market is growing rapidly, with charging infrastructure playing a pivotal role in this transition. Siemens is keen to lead this charge by ensuring its newly independent eMobility business can operate with the agility and entrepreneurial mindset needed to stay ahead of the competition.

Accelerating the green mobility transition

One of the biggest goals of this move is to support the broader shift toward sustainable mobility. With EV adoption set to soar, creating the infrastructure to support these vehicles is crucial.

The newly formed eMobility entity will have the flexibility to focus on high-growth areas and tap into new partnerships to expand customer access and capabilities.

Siemens' broader vision aligns with global goals for decarbonisation, particularly in the transportation sector.

Matthias explains: “Building up charging infrastructure for electric vehicles is crucial to achieving the electrification of transport, a central piece in the aspiration to reach net zero by 2050.”

Siemens eMobility already has a strong presence globally, with production and R&D sites in Germany, Portugal, the US, India and the Netherlands.

The newly-structured business will continue to offer a range of Internet of Things (IoT)-enabled hardware, software and services for both AC and DC charging, ranging from 11 kW to 1 megawatt.

By carving out the eMobility division, Siemens is setting the stage for the next wave of growth in EV charging infrastructure.

This bold move will not only boost Siemens’ leadership in the EV market but also contribute to the global effort to make transport greener, smarter and more sustainable.

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