Siemens Infrastructure & Cities has acquired Australian company Kaon Holdings Pty Ltd., expanding Siemens' share of the global market in energy distribution products for overhead lines. The company' subsidiaries, Kaon Electric Pty Ltd. and Kaon Consulting Pty Ltd., develop and sell products for medium-voltage 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.
The Kaon Group's Australian companies develop products for operating and protecting distribution grids, such as the new FuseSaver vacuum switch, which ensures greater reliability and availability. Siemens will continue to pursue Kaon's research and development work in medium-voltage products.