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Siemens drives further into EV market by buying VePoint

22 February, 2013

Siemens has stepped up its involvement in electric vehicle technologies by buying Semikron International’s VePoint subsidiary, which develops power electronic components and systems for hybrid and electric vehicles. It has also signed a cooperation agreement with Semikron to intensify their collaboration on power electronics for electric vehicles.

The acquired business, which has 30 employees in Nuremberg, has developed a compact inverter platform with high power densities. The platform is based on Semikron’s SKiN technology, which avoids the need for conventional soldered joints or wire bonds.

With the acquisition of VePoint and the widening of its power electronics portfolio, Siemens Drive Technologies is expanding its Inside e-Car business.

“The co-operation with Semikron and the acquisition of VePoint are important milestones for us on our way toward achieving a high degree of integration in the entire drivetrain,” says Jörg Grotendorst, CEO of Inside e-Car. “This widens the Siemens range of motors, inverters, speed sensors and gearboxes by adding further innovative e-Car power electronics.”

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