- In December 2024, ABB India announced it had signed an agreement to acquire the power electronics business of Gamesa Electric in Spain, a subsidiary of Siemens Gamesa, aiming to strengthen its position in the growing market for high-powered renewable power conversion technology. This acquisition enhances ABB's capabilities in sustainable energy solutions and positions it more competitively in the renewable sector
- In October 2024, Siemens signed an agreement to acquire Altair Engineering Inc., a prominent provider of industrial simulation and analysis software, at an enterprise value of approximately USD 10 billion, offering a 19% premium over Altair’s unaffected closing price. This strategic move strengthens Siemens' leadership in industrial software and reinforces its role as a top-tier technology company
- In September 2024, Siemens announced its agreement to acquire California-based Trayer Engineering Corporation, a specialist in medium-voltage secondary distribution switchgear for outdoor and below-ground applications. The acquisition boosts Siemens’ product portfolio in grid infrastructure and enhances its service capabilities in the U.S. market
- In November 2023, Schneider Electric finalized the acquisition of EcoAct SAS, a Paris-based global leader in climate consulting and net-zero solutions, after exclusive negotiations with Atos Group and regulatory approvals. This acquisition supports Schneider Electric’s sustainability goals and expands its expertise in climate strategy and decarbonization services
- In March 2023, GE commissioned the 300-megawatt Biblis Grid Stability Power Plant to maintain grid stability during supply-demand imbalances. This project showcases GE’s commitment to enhancing energy reliability and addressing grid challenges in real-time
