Hitachi Energy completes acquisition of COET

Hitachi Energy announced that it has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility and industry, based in the greater Milan area of Italy.

The acquisition strengthens Hitachi Energy’s global position and offering in high-power electric vehicle charging infrastructure, power electronics, and the grid edge.

Hitachi Energy and COET have a long-standing collaboration focused on Hitachi Energy’s portfolio of Grid-eMotion high-power charging infrastructure solutions. COET is also a leading designer, manufacturer, and supplier of DC traction products and components for rail and AC and DC equipment for high-power industrial applications.

“We are delighted to welcome our partner of many years into the Hitachi Energy family,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “The acquisition will enhance our position as a global leader in power grid technologies and energy infrastructure for eMobility, transport, and industry, while COET and its customers will benefit greatly from our global footprint and power expertise.”

COET will operate as a standalone business under the leadership of its existing management and retain all of its operations.

Hitachi Energy said that its Grid-eMotion offers high-power charging infrastructure for electric bus and truck fleets is growing rapidly worldwide.

"These industry-leading grid-to-plug and ultrafast-charging solutions have been deployed in sustainable transport projects for bus and truck fleets in Australia, Canada, Dubai, France, Germany, Italy, Sweden, Switzerland, the UK, and others," the company said in a statement.