Camlin Group, the Lisburn grid monitoring specialist owned by Siemens Energy, has announced an initial £20 million investment and more than 100 new jobs, according to a company statement reported by the Belfast Telegraph, a commitment that matters to grid technology suppliers and utilities because it expands manufacturing and software capacity for monitoring electricity networks. The company said the investment comes from its parent, Siemens Energy, and was announced at an event at Royal Hillsborough Castle on 1 November.

Camlin Group is a Lisburn-headquartered designer and manufacturer of monitoring and analytics technology for energy and rail operators, founded in 2010 and, according to Siemens Energy in June, employing around 650 people with revenue of over £90 million.

Siemens Energy is a German energy technology company that agreed in June 2026 to acquire Camlin to broaden its digital grid portfolio, with Camlin to be wholly owned but managed independently, the company said in its release.

According to the company statement, the new roles will span hardware engineering, software development, data science, operations, manufacturing and business support, with benefits expected through local supply chains and collaboration with universities and innovation centres.

Peter Cunningham, chief executive of Camlin Group, said in the company’s statement: “Today’s announcement is a powerful statement of confidence in Northern Ireland, our people and our technology.” Tim Holt, member of the executive board of Siemens Energy, said in the June acquisition announcement: “Grid expansion and digitalization are becoming decisive factors for energy security, economic growth and the energy transition.”

BBC News NI reported that Camlin made a pre-tax profit of £8.4 million on turnover of £88 million in 2024, and that Cunningham said his ambition is to build a business on the scale of a Craigavon pharmaceutical firm with annual sales above £1 billion.

BBC News NI also reported that Camlin mainly makes equipment that monitors the performance of electricity grids, and that growing renewable energy makes grid management more complicated, expanding the market for predictive products.

For the sector, a parent-funded expansion of a grid monitoring supplier shows investment moving into sensor and software capacity as renewable generation complicates network management.

Source: Belfast Telegraph / Northern Ireland Chamber / BBC News NI / Siemens Energy