Siemens Venture Capital focuses on green investment with acquisition of stake in India’s Transparent Energy Systems

8 July 2009

Siemens Venture Capital (SVC), a subsidiary of Siemens, has acquired a minority stake in Indian waste heat recovery company Transparent Energy Systems. Financial details were not disclosed.

‘The field of energy and environmental technologies is highly attractive for venture capital investors. Despite the difficult overall business environment, we will continue to see attractive growth rates in the area of green technologies,’ said Ralf Schnell, CEO of Siemens Venture Capital.

Transparent Energy Systems is the twelfth company in the area of energy and environmental technologies in which SVC has invested. The acquisition of this stake boosts to above 30 per cent the share of companies in SVC’s portfolio that are active in environmental technologies. Siemens generates roughly a quarter of its revenue – €19bn in fiscal 2008 – with products from the company’s Environmental Portfolio.

Siemens Venture Capital (SVC), the central venture capital organization within Siemens, invests in early-stage technology companies and established growth companies, focusing on the energy, industry and healthcare sectors.

To date, the company has invested more than €800m in over 150 companies and 40 venture capital funds. In addition, SVC advises the German Siemens pension funds on their private equity allocation. It is in this context that SVC has launched the venture capital fund of funds Siemens Global Innovation Partners I.

Read an interview with SVC CEO, Ralf Schnell.

Copyright © 2009 NewNet

Tags: venture capital, waste

This story was published on Wednesday, July 8th, 2009 at 9:25 am and is filed under Asia, Europe, deals, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Siemens Venture Capital focuses on green investment with acquisition of stake in India’s Transparent Energy Systems”

1. Judith Lane says:

   12 August 2009 at 12:25 am

   We are seeking funds for our start up company for advanced wind technology using compressed air. We have100 megs in PPA’s in Arizona.We are also seeking funds to fund a green factory .

Leave a Reply