# Siemens to carve out EV charging business
Published: 2024-09-23
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Siemens to Expand EV Charging with Heliox Acquisition
Meta Description: Siemens announces plan to spin off eMobility charging business for increased growth. Carve-out includes Heliox integration for strategic expansion.
URL: https://business.express/siemens-to-carve-out-ev-charging-business/

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BERLIN (Reuters) – Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to open opportunities for more growth, the German conglomerate said on Monday.

The carve-out will combine Siemens eMobility with recently acquired DC fast-charging solutions specialist Heliox, said Siemens.

“The new setup of eMobility will enable the business to accelerate profitability by focusing on high potential business segments and strategically relevant geographies,” said Matthias Rebellius, Siemens AG managing board member.

(Writing by Miranda Murray, Editing by Rachel More)


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