With Heliox purchase, Siemens eyes high growth in truck, bus EV chargers -exec

ChargePoint Holdings

11/01/2024 12:15

By Nick Carey
       LONDON, Jan 11 (Reuters) - Siemens  SIEGn.DE  expects
high double-digit growth in electric chargers for bus fleets and
trucks and to be in the top three companies in that rapidly
growing global market thanks to the acquisition of Dutch charger
maker Heliox, a top executive said.
    Speaking ahead of the close of the deal on Thursday,
Matthias Rebellius, a board member at Siemens and CEO of the
German group's smart infrastructure business, told Reuters that
Heliox is "a perfect expansion of our business". 
    Terms of the deal have not been disclosed.
    "Together with Heliox we're now perfectly positioned for EV
charging technology end to end across different sectors and
segments," he said.
    Rebellius added that Heliox has a strong U.S. presence,
which is an important market for Siemens. 
    The Dutch charger maker has developed software to manage
charging fleets of vehicles and charger hardware that will also
boost Siemens' position in the market, he said.
    The company's competitors for chargers for larger vehicles
include ABB  ABBN.S , Sweden's Vattenfall and ChargePoint
 CHPT.N .    
    According to industry estimates cited by Rebellius, the
global market for electric bus and truck chargers should see
compound annual growth of 45% over the next three years as
fleets speed up the transition to zero-emission models.
    "There's huge, huge growth and huge potential," Rebellius
said. "We are definitely targeting growth rates in the high
double digits and we will be... among the top three globally." 
    

 (Reporting by Nick Carey; editing by Jason Neely)
 ((nick.carey@thomsonreuters.com; +44 7385 414 954;))