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Hitachi Energy completes acquisition of COET; advanced power electronics and production capacity

Hitachi Energy has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility, rail, 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.

As electricity will be the backbone of the entire energy system and will help to drive the clean energy transition, the global demand for power electronics and high-power solutions will continue to grow.

COET will operate as a standalone business under the leadership of its existing management and retain all of its operations. COET has approximately 80 highly skilled and specialized employees.

Hitachi Energy’s Grid-eMotion offering of 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.


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