# Končar EI and China XD Electric form joint venture for high-voltage switchgear

Končar Elektroindustrija and China XD Electric Co have signed a 50-50 joint venture agreement to produce high-voltage gas-insulated switchgear in Zagreb, Croatia. The investment is estimated at HRK 120 million, with first products expected in 2020.

- Type: Acquisition
- Announced: 2018-06-12
- Where: Sesvetski Kraljevec, Zagreb, Croatia, Croatia
- Value: $19.0M (120.0M HRK)
- Jobs: 60
- Status: announced
- Products: high-voltage gas-insulated switchgear (GIS) 170-420 kV
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [China XD Electric](https://endata.com/companies/15369.md) (partner)
- [Končar Elektroindustrija](https://endata.com/companies/32537.md) (partner)

## Sources

- [poslovni.hr](https://www.poslovni.hr/kompanije/zajednicki-poduhvat-koncara-ei-i-kineske-tvrtke-china-xd-electric-co-341870), 2018-06-12: "Novi asortiman bit će nadopuna postojećem Končarevom proizvodnom programu, a proizvodi su prvenstveno namijenjeni tržištu Europe."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.