Analysis: Siemens’ move for Kaco unlikely to threaten Indian jobs
The German giant – which manufactures central inverters near Mumbai – announced plans last week to acquire Kaco and start a new smart infrastructure business from April 1. In light of those moves, pv magazine spoke to IHS Markit’s Cormac Gilligan about the new kid, albeit huge, on the block.
Siemens bids to take over fellow inverter maker Kaco
The German powerhouse – which makes central inverters for PV projects in India – wants to complete the acquisition by July. Indian employees will be hoping target company Kaco’s disposal of its central inverter operation last month will avert job losses by removing any potential overlap between the manufacturers.
GE to combine renewable and grid assets
General Electric (GE) intends to consolidate all of its renewable and grid assets into a single unit, intensifying focus on the growing renewable energy market.
