Siemens Energy AG (“Siemens Energy”), a global leading energy technology company (ETR: ENR), has acquired EUTO Energy B.V. (“EUTO Energy”), a company specialising in software-defined substation solutions shaping the future of power transmission and control.
The constraint on the energy transition has shifted from energy generation to grid capacity. Driven by AI infrastructure, hyperscale data centres and electrification, electricity demand is accelerating faster than power grids can expand, placing existing critical networks under increasing pressure. The European Commission estimates that EUR 660 billion of annual investment will be required through 2030 to meet Europe’s energy transition targets. However, additional infrastructure investment on its own will not be sufficient. Maximising the performance and capacity of existing power grids will be equally critical.
Founded in Istanbul in 2017, EUTO Energy has spent over a decade developing and validating software-defined substation technology for critical power transmission and distribution infrastructure. The company has developed a unique platform that virtualises protection, automation and control functions traditionally embedded in dedicated substation hardware. Built on open, non-proprietary architectures and 100% vendor-agnostic, the platform enables power grid operators to manage substations as centrally orchestrated, cybersecure software systems. This software-defined approach enables operators to modernise grid infrastructure faster than traditional substation solutions, reduce total cost of ownership, and unlock more of the existing grid capacity. The result is a more resilient, efficient and flexible power grid that helps address growing congestion and electrification challenges.
By adding EUTO Energy’s software-defined substation platform to its portfolio, Siemens Energy acquires a critical digital capability that enables grid operators to modernise protection, automation and control systems, optimise existing grid assets and accelerate the transition towards digital substations. Combined with Siemens Energy’s global customer base, installed footprint and deep expertise across grid infrastructure, the transaction creates a powerful platform to accelerate the adoption of software-defined grid architectures worldwide.
IMPROVED acted as exclusive corporate finance advisor to EUTO Energy throughout the transaction process, supporting the company from strategic positioning through to the successful completion of the sale to Siemens Energy. The transaction builds on IMPROVED’s track record in power systems, grid technologies and the broader energy infrastructure ecosystem. We foresee the acquisition and investment activity to accelerate following some recent other transactions in the space.
