Brussels, 3 February 2025
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by KONČAR – Electrical Industry Inc. for manufacturing and services (‘KONČAR’) of Croatia and Siemens Energy Holding B.V. (‘SEHBV’) of the Netherlands.
The transaction relates primarily to the production and sale of power transformer tanks.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11804.