Siemens to Boost Grid Modernization Portfolio With Trayer Buyout

Siemens Aktiengesellschaft (SIEGY) announced that it inked a deal to acquire Trayer Engineering, a mediumvoltage secondary distribution switchgear specialist based in the United States. This move aligns with SIEGY's strategy of expanding its grid modernization product offering. Siemens & Trayer's Strategic Integration Trayer was founded in 1962 as a family business and currently employs 130 people. The company specializes in submersible distribution switchgear, vital for areas prone to flooding or extreme w ...