# EU approves joint venture between KONČAR and Siemens Energy Holding

The European Commission approved the creation of a joint venture between KONČAR and Siemens Energy Holding B.V. for the manufacture and sale of power transformer tanks.

- Type: Partnership
- Announced: 2025-02-03
- Status: announced
- Products: power transformer tanks
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (partner)
- [Koncar – Electrical Industry Inc.](https://endata.com/companies/32519.md) (partner)

## Sources

- [lok-report.de](https://www.lok-report.de/news/europa/europaeische-union/56009-europaeische-union-kommission-genehmigt-gruendung-eines-joint-ventures-durch-koncar-und-sehbv.html), 2025-02-03: "Die Kommission kam zu dem Schluss, dass das angemeldete Rechtsgeschäft keine wettbewerbsrechtlichen Bedenken aufwirft."

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