# Siemens Energy and Končar form joint venture for transformer tanks

Siemens Energy and Končar d.d. signed a joint venture agreement to establish a transformer tank manufacturing facility at Končar's Sesvetski Kraljevec site. Končar will hold 60% and Siemens Energy 40% of the JVCo.

- Type: Acquisition
- Announced: 2024-07-16
- Where: Sesvetski Kraljevec, Croatia
- Status: announced
- Products: transformer tanks
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Končar d.d.](https://endata.com/companies/78631.md) (partner)

## Sources

- [schoenherr.eu](https://schoenherr.eu/content/croatia-schoenherr-advises-siemens-energy-on-joint-venture-with-koncar), 2024-07-16: "Schoenherr advised Siemens Energy regarding a Joint Venture Agreement with Končar d.d. for the production of transformer tanks."
- [newsroom.manda.co](https://newsroom.manda.co/strategische-kooperation-im-europaeischen-energiesektor-cms-beraet-siemens-energy-bei-joint-venture-mit-kroatischer-koncar/), 2024-07-22: "Siemens Energy und KONČAR d.d. haben ein Joint Venture-Abkommen zur Herstellung von Transformatorentanks abgeschlossen."

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