Siemens enhances grid modernisation portfolio with Trayer acquisition
Trayer’s 3000 Series Maintenance-Free, Storm-Hardened, Medium Voltage Switchgear. Image courtesy Trayer.
In a move to broaden its grid modernisation product portfolio, Siemens has announced the acquisition of California-based Trayer Engineering Corporation, which designs and manufactures medium voltage secondary distribution switchgear for outdoor and below ground applications.
Trayer specializes in hermetically sealed padmount and submersible switchgear, resistant to extreme weather conditions.
With the acquisition, the company will provide complementary technologies to the German tech giant’s Electrification and Automation Business Unit, enabling them to tap the market trends of undergrounding overhead electrical networks and boosting distribution grid resilience in the US.
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Commenting in a release was Stephan May, CEO of Electrification and Automation at Siemens Smart Infrastructure: “We see a significant growth opportunity in secondary power distribution, particularly in addressing the challenges posed by extreme weather conditions. By combining forces, we will provide an end-to-end portfolio to our customers by unlocking resources and competencies to serve this growing demand.
“Our digital offerings and Siemens Xcelerator portfolio, Electrification X, complements Trayer’s resilient solutions to enable utilities and municipalities to upgrade their distribution grids and drive grid efficiency for outdoor and below-ground applications.”
Siemens touts Trayer’s history in producing maintenance-free switchgear, in particular their submersible distribution switchgear, which they say is well suited for use in areas prone to flooding or extreme weather conditions, providing reliable electrical distribution while being protected from water and environmental damage.
Trayer was founded as a family business in 1962 and currently employs 130 people. The acquisition will see Trayer continue to operate as a separate legal entity under the banner ‘A Siemens Business’.
The transaction is subject to regulatory approval and closing is expected in calendar year 2024. Terms of the transaction are not disclosed.
