A deal has been agreed for Siemens Energy to acquire a 650-strong Northern Ireland-based specialist in grid monitoring, analytics and asset digitalisation technologies.
Camlin Group is headquartered in Lisburn and operates across UK, Europe, North America, Australia and Asia, with a revenue of more than £90m.
Founded in 2010, by a small group of engineers in Northern Ireland, Camlin Group quickly expanded by delivering engineering services across energy and rail systems.
The acquisition will expand Siemens Energy’s digital grid portfolio at a time of accelerated global investment in electricity networks.
The transaction is subject to regulatory approvals and is expected to close before the end of 2026.
Through the acquisition of Camlin Group, Siemens Energy will broaden its capabilities and strengthen its digital offering in sensor‑based monitoring, data analytics and software‑enabled grid intelligence.
Tim Holt, member of the executive board of Siemens Energy, said: “Grid expansion and digitalisation are becoming decisive factors for energy security, economic growth and the energy transition. In an ever-changing market, we need to adapt quickly.
“That is why we are constantly strengthening and expanding our existing portfolio. Camlin Group is known for their high-quality products, skilled workforce and advanced software portfolio. Together, we can help customers move from reactive maintenance to data‑driven, condition‑based operation.”
Peter Cunningham, chief executive of Camlin Group, added: “Our partnership with Siemens Energy reflects a strong alignment in values, technology and long-term vision. Siemens Energy recognises the strength of our technology, our people and our customer relationships, and sees Camlin as a natural fit within their strategy for the future grid.
“For our customers, business operations will continue as usual and our experienced leadership team will remain at the helm. Longer term, Siemens Energy’s scale, investment and global reach will help us move faster and deliver greater impact across our markets.”
Tughans LLP acted for Camlin, while Baker McKenzie acted for Siemens.
