# 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.

- Type: Acquisition
- Announced: 2025-03-31
- Where: Sesvetski Kraljevec, near Zagreb, Croatia
- Status: completed
- Products: transformer tanks
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (acquirer)
- [KONČAR](https://endata.com/companies/16085.md) (target)

## Sources

- [transformer-magazine.com](https://transformer-magazine.com/news/siemens-energy-acquires-40-of-koncar-transformer-tanks/), 2025-04-02: "All conditions defined by the previously signed agreement have been fulfilled, finalising the transaction on 31 March 2025."

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