Hitachi Energy has completed the acquisition of the remaining stake in power electronics and controls company eks Energy. Hitachi Energy acquired a majority stake in eks in 2023.
The integration of eks Energy’s technology will help Hitachi expand its power conversion and energy storage business and respond rapidly to evolving customer needs.
“As the worldwide market leader in grid automation solutions, the acquisition of eks Energy strengthens our leadership position, enabling one of the industry’s most comprehensive solution portfolios that combines proven converter and control technology with Hitachi Energy’s global scale, unparalleled grid expertise and digital capabilities,” said Massimo Danieli, managing director of Hitachi Energy’s Business Unit Grid Automation. “The acquisition furthers our global strategy ensuring continuity for existing customers while unlocking new opportunities for innovation and growth.”
Power converters play a critical role connecting power source with power supply, making sure that currents and voltage are balanced correctly for end-user demand. They are data-intensive systems and when paired with Hitachi Energy’s internet of things (IoT) connectivity and energy management capabilities, deliver rich insights and analytics to maximize reliable energy supply. The completion of the acquisition will enable Hitachi Energy to innovate faster and improve the technology at this critical grid connection point.
News item from Hitachi Energy
