Siemens Energy acquires 40% stake in KONČAR – Transformer Tanks joint venture

Siemens Energy Holding B.V. has acquired a 40% stake in the newly formed joint venture KONČAR – Transformer Tanks, with KONČAR retaining a 60% majority. The transaction was finalized on 31 March 2025.

“All conditions defined by the previously signed agreement have been fulfilled, finalising the transaction on 31 March 2025.”transformer-magazine.com

• 1 source
• transformer-magazine.comSiemens Energy acquires 40 % of KONČAR – Transformer Tanks – Transformer MagazineApr 2, 2025

Summarized from public sources; check the original articles before acting on it.