Effective Aug. 31, 2012, Siemens Infrastructure & Cities has acquired Australia’s Kaon Holdings Pty Ltd, headquartered in Brisbane, Queensland. Together with its subsidiaries Kaon Electric Pty Ltd and Kaon Consulting Pty Ltd, the new acquisition develops and sells products for energy distribution via medium-voltage overhead lines.
The parties have agreed to keep the purchase price confidential. Siemens will take over and continue to sell all of Kaon’s existing products.
Overhead lines are used to distribute electric power in many countries. The Kaon Group’s Australian companies develop products for operating and protecting these grids, such as the new ultra fast FuseSaver vacuum switch, which ensures greater reliability and availability in distribution grids. Siemens intends the Kaon acquisition as a way of further expanding its share of the global market in energy distribution solutions for overhead lines. It will establish a center of competence in Australia for medium-voltage products, and will continue to pursue Kaon’s research and development work.