Schoenherr advised Siemens Energy regarding a Joint Venture Agreement with Končar d.d. (ZSE, KOEI) for the production of transformer tanks. The new JVCo will be structured with Končar holding 60 % of the shares and Siemens Energy holding 40 %. The joint venture will establish a state-of-the-art transformer tank manufacturing facility at Končar's Sesvetski Kraljevec site, optimising and increasing the production capacities of Končar's transformer tanks business.
The surging demand for transformers, fuelled by the European Union's ambitious Green Transition initiative, has prompted Končar d.d. and Siemens Energy to forge a strategic partnership aimed at bolstering transformer production capabilities.
Končar is a leading Croatian company in the electrical industry. Its core operations include products, services and solutions across four segments: power generation, power transmission & distribution, rail solutions & infrastructure, and digital solutions & platforms.
Siemens Energy is a global leader in energy technology. The company delivers solutions that empower a sustainable energy future in the field of power generation equipment, transmission technologies, grid management, renewable energy sources, and digital solutions for the energy sector.
The Schoenherr team advising Siemens Energy on all legal aspects of the transaction was led by Kreaimira Krualin (attorney at law) and further included Ivan Einwalter (partner), Ksenija `ourek (attorney at law), Lea Muzic (attorney at law) and Dino Rakić (associate).
Siemens Energy was advised in-house by Christoph Meier (Senior Counsel M&A) and Dr Gordon Christian (Principal Counsel Competition).
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