"We have built up a close relationship with Coelme Group for years as a valuable supplier of high-quality products," said Beatrix Natter, CEO of Transmission Products at Siemens Energy Management. "With the signing of the share purchase agreement, we are raising our collaboration to a new level and we are looking forward to growing the business together with our partner".
"Southern States and Siemens have had already many years of supply relationship in the United States and we look forward to much success in Europe," said Southern States' CEO Raj Anand.
"This agreement sounds like a good way forward after several decades of supply relationship between Coelme Group and Siemens," said Francesco Basso CEO and Chairman of Coelme Group.
For further information on Division Energy Management, please see www.siemens.com/energy-management
For further information on Grid Access, please see http://www.siemens.com/gridaccess