# Končar and Siemens Energy receive EU approval for transformer tank joint venture

Končar and Siemens Energy Group received European Commission approval on February 3, 2025, for their joint venture Končar - Transformatorski Kotlovi, which will manufacture and sell transformer tanks. The new factory is expected to employ about 400 people.

- Type: Acquisition
- Announced: 2025-02-03
- Where: Croatia
- Jobs: 400
- 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](https://endata.com/companies/16085.md) (partner)

## Sources

- [poslovni.hr](https://www.poslovni.hr/hrvatska/zajednicko-ulaganje-koncara-i-siemensa-u-novoj-tvornici-bit-ce-zaposleno-oko-400-ljudi-4471206), 2025-02-05: "Europska komisija je 3. veljače ove godine dostavila Končaru d.d. odluku da je buduće zajedničko ulaganje između Končara i Siemens Energy Grupe kompatibilno s unutarnjim tržištem EU."

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